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The invisible hand is a metaphor that describes the unseen forces of self-interest that impact the free market. In theory, consumers basing decisions on self-interest creates a positive outcome ...
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What is the Invisible Hand? A Guide to Adam Smith's Economic TheoryThe theory is often used as a backbone to support the idea of a free market, though some have said that the idea is taken out of context. The concept of the invisible hand is often credited to ...
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