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I mean this is Econ but I don't see a category for it sooo...

I need help asap ;-; I'll give you 60 points ;-; pls

Explain how and why the "invisible hand" works to ensure that producers provide quality services and products for consumers.

reeee

1 Answer

4 votes

Answer:

The Invisible hand makes sure that the prices meet the demands and nothing is crazily priced.

Step-by-step explanation:

The concept of competition is what causes this, as more producers enter a market the previous producers had to increase the quality of their products or decrease their price in order to make their goods more desirable so as someone finds a better way to produce the good at a better quality the other producers will have to make their good better as well in order to maintain their market share.

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User Leon Freire
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