Homework SourseAdam Smiths invisible hand refers to The subtle and often hi
Adam Smith’s “invisible hand” refers to
| The subtle and often hidden methods that businesses use to profit at consumers’ expense. |
Solution
The ability of free markets to reach desirable outcomes despite the self-interest of market participants.
Adam Smith\'s \'invisible hand\' states that households and firms interacts in markets and acts as they are guided by some invisible hand. There is force which applied in market which helps the market to reach desirable outcome.
