The invisible hand refers to the idea that when producers and consumers act independently against competitive forces that are beyond their control, the net result is the wealth and well-being of all participants.

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The concept of the invisible hand was introduced by Adam Smith, who proposed that individuals acting in their own self-interest would ultimately lead to the efficient allocation of resources in a market economy, and that this would result in the overall prosperity of society.

The Invisible Hand Refers to the Idea That When Producers