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N76 [4]
3 years ago
15

Whose actions determine the effectiveness of the “invisible hand”?

Social Studies
2 answers:
spin [16.1K]3 years ago
8 0

In pursuit of their interests, individuals would contribute to market equilibrium. This would happen because, even without the intention of collaborating with other agents, this dynamic would culminate in a positive situation for society as a whole.

This balance would be the result of what we now know as the law of supply and demand.

According to this law, the price of a product is determined by the balance between the number of companies offering the product and the number of consumers looking for it.

The invisible hand is therefore a symbolic representation of the idea that the market itself is organized in the best possible way.

seraphim [82]3 years ago
6 0

Answer:you cant see it coming

Explanation:

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