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.
market economy
competition and self interest
market economy
Market Economy, no fear studyisland cheaters I got you :)
Adam Smith
market economy
invisible hand, competition, no monopolies, etc
competition and self-interest
competition and self interest
market economy
It was self-regulated by the "invisible hand."
Market Economy, no fear studyisland cheaters I got you :)
Adam Smith
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.
Father of capitalism and the free market economy. Had the idea of the invisible hand leading the economy rather than the government. We currently have a system with minor government interference, to provide for police, fire,etc... things the free market does not address.
an invisible hand.
an invisible hand