Smith's metaphor of the ―invisible hand‖ refers to thenotion that:

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Smith's metaphor of the "invisible hand" suggests that individuals pursuing their own self-interest in a free market can unintentionally benefit society as a whole. This is because the pursuit of self-interest can lead to increased innovation, efficiency, and overall economic growth, which in turn can benefit society as a whole. However, this does not mean that the pursuit of self-interest always leads to positive outcomes for society, as there can be negative side effects such as environmental degradation or inequality.

Smith's Metaphor of the ―Invisible Hand‖ Refers to Thenotion That