The __________ hand is the metaphor used to refer to market coordination, whereas the __________ hand is the metaphor used to refer to managerial coordination.

Question

Quizplus · Accepted Answer

The "invisible hand" is a metaphor used by Adam Smith to describe the way in which the market self-regulates and coordinates economic activity. On the other hand, the "visible hand" is a metaphor used to describe managerial control and coordination within a firm. Therefore, choice B is the correct answer.

The __________ Hand Is the Metaphor Used to Refer to Market