Question

What is the ""invisible hand""? Select one: a. The idea that government economic planning tends to benefit not only the individual but also all of society. b. The principle that most people avoid economic transactions with so-called ""outsiders."" c. The idea that people pursuing their own self-interest actually benefit the public at large. d. The notion that the pursuit of profit leads to the exploitation of consumers.

Answer 1

Answer: C)The idea that people pursuing their own self-interest actually benefit the public at large.

Explanation: Definition: The unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically is the invisible hand. Description: The phrase invisible hand was introduced by Adam Smith in his book 'The Wealth of Nations

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