0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What ''invisible hand'' regulates the free market economy?
competition and self-interest
What invisible hand regulates the free-market economy?
competition and self interest
What invisible hand directs the free market?
Incentives and efficiency
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 "invisible hand" that we refer to.
How did Adam Smith revolutionize economics?
He developed the idea of the "invisible hand" of the free market, which continually keeps the market on course.
What did Adam Smith say the free market economy is regulated by?
It was self-regulated by the "invisible hand."
According to Adam Smith the market was directed by?
an invisible hand.
According to Adam smith the market was directed by which of these?
an invisible hand
Who wrote about the invisible hand in a market economy?
The person who wrote about invisible is a great economist,who is also considered as the father of economics "adam smith".he is the person who wrote about invisible hand.
The invisible hand is a major factor in which economic system?
market economy
The term that describes how market regulate themselves is known as?
the invisible hand
According to Adam Smith the market was directed by who?
According to Adam Smith, the market was directed by an invisible hand. He described it as a natural phenomenon that guides free markets and capitalism through the competition for limited resources.
