Macroeconomics: Principles, Problems, & Policies 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0-07766-077-3
ISBN 13: 978-0-07766-077-2

Chapter 2 - The Market System and the Circular Flow - Discussion Questions - Page 49: 9

Answer

The invisible hand refers to the unintended social benefits of an individual action. It is the symbiosis of private and social interests.

Work Step by Step

The invisible hand is the unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium.
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