Question

if individuals acting in their self-interest produce outcomes that were not part of their intention or design but benefit society as a whole, this is a demonstration of:

Answer 1

if individuals acting in their self-interest produce outcomes that were not part of their intention or design but benefit society as a whole, this is a demonstration of invisible hand.

The metaphor of the "Invisible Hand" refers to the unanticipated societal advantages and public good that result from people acting in their own self-interest. In his book The Wealth of Nations from the eighteenth century, economist Adam Smith is usually credited with popularizing the idea.

The first time Adam Smith used the term "Invisible Hand," he was referring to his observation that money does not exist in a vacuum and that people acting in their own self-interest will eventually behave in the best interests of the larger welfare of society.

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