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3:58
YouTube
Helpful Professor Explains!
Invisible Hand of the Market (Explained in 4 Minutes)
The "invisible hand" is a concept introduced by economist Adam Smith in his seminal work The Wealth of Nations (1776). It describes the self-regulating nature of a free-market economy, where individuals pursuing their own self-interest inadvertently promote the overall good of society. For example, when a business strives to maximize its ...
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