Wednesday, March 31, 2021
Home Business A term in the titles ... "the invisible hand" - economics -...
- Advertisement -

A term in the titles … “the invisible hand” – economics – Arab and international

“The invisible hand”

The “invisible hand” is a term introduced by economist Adam Smith that expresses the unseen forces that drive a free market economy through the freedom of production and consumption. This hand works to achieve the best interest of society as a whole through the continuous interaction of individual pressures on supply and demand in the market What drives the natural movement of prices and the flow of trade.

The “invisible hand” is part of the “let it work” policy, which means that the market will find its balance without any interference that forces it to follow unnatural patterns. Trade in the free market has unintended and broad-based benefits that are greater than those of the planned economy.

Follow our latest local and sports news, and the latest political and economic developments via Google news



- Advertisement -

Source site

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments

- Advertisement -