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Adam Smith, 1776, in the book The Wealth of Nations.
Wiki User
∙ 12y ago
Wiki User
∙ 11y agoAdam Smith uses the metaphor to describe the self-regulating behavior of the marketplace. I first appears in The Theory of Moral Sentiments (1759).
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Who first talked about the invisible hand of the marketplace?
Adam Smith
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.
According to Adam Smith the market was directed by?
an invisible hand.
What invisible hand directs the free market?
Incentives and efficiency
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.
Who first talked about the invisible hand of the marketplace?
Adam Smith
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.
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
What invisible hand directs the free market?
Incentives and efficiency
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
What are good things about a market economy?
invisible hand, competition, no monopolies, etc
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 does the invisible hand direct economic activity through?
through market prices
