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Whose actions determine the effectiveness of the “invisible hand”?

2 Answers

4 votes

Answer:you cant see it coming

Step-by-step explanation:

answered
User Selast Lambou
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5 votes

In pursuit of their interests, individuals would contribute to market equilibrium. This would happen because, even without the intention of collaborating with other agents, this dynamic would culminate in a positive situation for society as a whole.

This balance would be the result of what we now know as the law of supply and demand.

According to this law, the price of a product is determined by the balance between the number of companies offering the product and the number of consumers looking for it.

The invisible hand is therefore a symbolic representation of the idea that the market itself is organized in the best possible way.

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User Walterlv
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