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The invisible hand in Adam Smith's book, The Wealth of Nations, is a dictator that plans the concomy centrally is the idea that prices adjust
The "invisible hand" in Adam Smith's book, The Wealth of Nations,
- is a dictator that plans the concomy centrally
- is the idea that prices adjust in the market until equilibrium is reached
- is the idea that choices made by individuals through self-interest lead to economics efficiency
- is the benevolent government that makes policies to benefit everyone
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
