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Adam Smith's invisible hand theory

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13y ago

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What did Adam Smith say the free market economy is regulated by?

It was self-regulated by the "invisible hand."


Examples of the invisible hand?

There are many different types of examples of the invisible hand. The invisible hand could represent the verbal punishment a child gets for example.


Economics refers to invisible hand what does it mean?

Invisible Hand in Economics, explains when the forces of demand and suppy in the market is determined by prices of goods and services.It was analysed by one famous Economist known as Adam Smith


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.


What is The invisible hand is?

stuff RC


In An Inquiry into the Nature and Causes of the Wealth of Nations what force did Adam Smith say was responsible for making markets work?

Invisible Hand


Need a sentence using invisible?

She held the ring in her hand and suddenly became invisible!


Make a sentence with the word invisible?

He felt he was invisible to everyone.The invisible hand reached out and touched him on the shoulder.


What does the 'invisible hand' in the market place?

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.


How do you say Invisible in Spanish?

invisible in spanish is "invisible", but pronounced [im.bi.'si.βle]


Self-regulating nature of the marketplace?

The invisible hand


What does the phrase all but mean?

I need to know what the saying "all but" means. Like "someone is all but invisible" does that mean they are ALL but invisible or that they ARE invisible? HELP!Neither. It means they are almost invisible; practically invisible.By the say, I should not have said "they," I was following your lead. "Someone" is singular; a better answer is "...he is almost invisible..." Or if you want to be politically correct, "...he or she is almost invisible."