What type of economic system is commonly described as being controlled by an "invisible hand"?
A) A traditional economy.
B) A command economy.
C) A market economy.
D) A communist economy.

Question

Quizplus · Accepted Answer

A market economy is commonly described as being controlled by an "invisible hand," which means that the forces of supply and demand determine prices and the allocation of resources without the need for government intervention.

What Type of Economic System Is Commonly Described as Being