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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.
The invisible hand directs economic activity through what?
prices
What invisible hand regulates the free-market economy?
competition and self interest
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.
According to Adam Smith the market was directed by?
an invisible hand.
The invisible hand directs economic activity through?
The invisible hand directs economic activity through prices. The price of commodities basically determines the law of supply and demand.
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.
The invisible hand directs economic activity through what?
prices
What ''invisible hand'' regulates the free market economy?
competition and self-interest
What invisible hand regulates the free-market economy?
competition and self interest
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 which of these?
an invisible hand
According to Adam Smith the market was directed by?
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
