Daily Point 2000 - Invisible Hand

 

The Banking Tutor

Daily Point 2000

Invisible Hand 

The unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically is the invisible hand. The phrase invisible hand was introduced by Adam Smith in his book 'The Wealth of Nations'. He assumed that an economy can work well in a free market scenario where everyone will work for his/her own interest. 

Sekhar Pariti

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