Results for: Invisible-hand

How does invisible hand create wealth?

The invisible hand was posited by Adam Smith in his 1776 book, The Wealth of Nations. To be more specific, the "invisible hand" is used to suggest the appearance of order that (MORE)

What is an invisible hand?

  Answer   Term used by Adam Smith to describe the natural force that guides free market capitalism through competition for scarce resources. According to Adam Smith, (MORE)

The invisible hand is?

The mechanism that works in a free-market (the market we observe in the USA or UK) which equates supply and demand. This obviously doesn't always occur, but it is the "invisi (MORE)

What does the invisible hand in the marketplace do?

The invisible hand is a term coined by Adam Smith in the 1700s to describe the operation of free markets. The general idea is that individuals pursuing their own self interest (MORE)

What is the invisible hand theory?

The invisible hand theory refers to free market where people act on their self-interest that motivates individuals to generate a demand a for goods and services that forces ot (MORE)

What does the invisible hand mean?

The invisible hand is a theory originally popularized by Adam Smith, the man considered the godfather of modern-day economics. In his economic theory he proposed that everyone (MORE)