The famous phrase "invisible hand" refers to
A)the cyclical nature of a capitalist society, in which the money that people earn through labor is funneled back into society through the consumption of goods.
B)Smith's concept that everyone seeks out their own interests, thus fueling the capitalist regime through their own selfishness.
C)Smith's concept that everyone seeks out their own interests, with the net result that everyone's needs are met.
D)humans inextricable links to one another and most people's inability to function without a connection to another person.

Question

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The phrase "invisible hand" was coined by Adam Smith and refers to the idea that individuals pursuing their own self-interest indirectly benefit society at large, as if guided by an invisible hand. This concept is a fundamental principle in classical economics, illustrating how self-directed gain leads to collective benefits.

The Famous Phrase "Invisible Hand" Refers to