Adam Smith's invisible hand theory
There are many different types of examples of the invisible hand. The invisible hand could represent the verbal punishment a child gets for example.
The greatest benefit to a society is brought about by individuals acting freely in a competitive marketplace in the pursuit of their own self-interest.
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.
stuff RC
She held the ring in her hand and suddenly became invisible!
He felt he was invisible to everyone.The invisible hand reached out and touched him on the shoulder.
It suggests there is an invisible balance between supply and demand. If there's too much supply, the invisible hand pushes the price down until vendors are able to sell their overstock. If there is less demand (as for carriages when cars took over), the invisible hand guides production down and price up.
The invisible hand
The invisible hand directs economic activity through prices. The price of commodities basically determines the law of supply and demand.
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.
an invisible hand.