Adam Smith's term, "the invisible hand, " refers to
A)the hidden role of government in setting regulations that govern trading in markets
B)the most capable entrepreneurs in the economy
C)market forces
D)the unseen work of the financial markets that facilitates trade
E)the role of technological change and random events in the economy

Question

Quizplus · Accepted Answer

Adam Smith's term "the invisible hand" refers to the self-regulating nature of the market economy, where individuals pursuing their own self-interests unintentionally promote the greater good of society through market forces.

Adam Smith's Term, "The Invisible Hand, " Refers to