What is the invisible hand principle? Does it indicate that self-interested behavior within markets will result in
Question:
What is the invisible hand principle? Does it indicate that self-interested behavior within markets will result in actions that are beneficial to others? What conditions are necessary for the invisible hand to work well? Why are these conditions important?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
The invisible hand principle is a concept introduced by the Scottish economist Adam Smith in his seminal work The Wealth of Nations published in 1776 It is a key idea in the field of economics and is ...View the full answer
Answered By
Khurram shahzad
I am an experienced tutor and have more than 7 years’ experience in the field of tutoring. My areas of expertise are Technology, statistics tasks I also tutor in Social Sciences, Humanities, Marketing, Project Management, Geology, Earth Sciences, Life Sciences, Computer Sciences, Physics, Psychology, Law Engineering, Media Studies, IR and many others.
I have been writing blogs, Tech news article, and listicles for American and UK based websites.
5+ Reviews
17+ Question Solved
Related Book For 
Macroeconomics Private And Public Choice
ISBN: 9780357134009
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Question Posted:
