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Who is Adam Smith and what economic principles did he promote? What is his concept of the invisible hand?

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User Evanwong
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1 Answer

8 votes

Answer:

Invisible hand, metaphor, introduced by the 18th-century Scottish philosopher and economist Adam Smith, that characterizes the mechanisms through which beneficial social and economic outcomes may arise from the accumulated self-interested actions of individuals, none of whom intends to bring about such outcomes.

Step-by-step explanation:

He just so happens to be my great great great grandfather :)

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User Usman Shaukat
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