How does the invisible hand primarily work to promote general well-being in the economy?
A) through government intervention
B) through the political process
C) through self-interest
D) through altruism

Question

Quizplus · Accepted Answer

The invisible hand primarily works through self-interest. According to Adam Smith, individuals pursuing their own self-interest in a free market will naturally lead to the promotion of general well-being in the economy. The invisible hand works to allocate resources efficiently and effectively as people seek to maximize their own utility or profit. This results in the production of goods and services that society values, as well as the achievement of a socially optimal allocation of resources.

How Does the Invisible Hand Primarily Work to Promote General