Adam Smith theory of the invisible hand was and each element of the hand . Do you agree with theory or not ?

2 answers:

7 0

Adam Smith implies with his theory of the invisible hand that each person moves selfishly within the economic area, however the individual riches also benefits the rest of the population.

I think the theory speaks of the trust that people deposit in moving within their own businesses, which is a good thing.

mestny [16]3 years ago

7 0

Yes,i agree with the Adam Smith theory if and only if government does not intervene in the economy :

The invisible hand which Adam Smith wrote about is really just a metaphor for a market economy.In such an economy, no one person or government entity really makes decisions about what will be produced.Adam Smith's basic philosophy was the philosophy of Laissez Faire Capitalism.

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