Adam Smith's "invisible hand" concept describes how corporate business reaches into the pockets of consumers like an "invisible hand."

Question

Quizplus · Accepted Answer

The concept of the invisible hand refers to the idea that in a market economy, self-interest and competition can lead to economic benefits for society as a whole, without a central authority directing economic activity. It does not specifically refer to corporations reaching into the pockets of consumers.

Adam Smith's "Invisible Hand" Concept Describes How Corporate Business Reaches