The basic forces driving the "invisible hand" are
A)government and business.
B)information and computer technology.
C)competition and self-interest.
D)cooperation and altruism.

Question

Quizplus · Accepted Answer

The "invisible hand," as described by economist Adam Smith, is driven by competition and self-interest. This means that individuals and businesses acting in their own self-interest will naturally work to produce and provide goods and services that meet the needs and wants of consumers, and that this process will lead to efficient resource allocation and overall economic growth.

The Basic Forces Driving the "Invisible Hand" Are