Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 2 - The Market System and the Circular Flow - Discussion Questions: 13

Answer

Invisible hand

Work Step by Step

The invisible hand is the defense used by the founders of capitalism. The principle of the invisible hand is that, guided by self interest, the economy will run itself, for each individual acting in their own self interest will allow the economy to grow.
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