Adam Smith's idea of the "invisible hand" tries to convey the idea that while there are free markets and people conduct their economic affairs in their own best interests
A)any country can become an advanced,industrialized nation.
B)markets will eliminate problems of hunger and dissatisfaction.
C)most inequalities between the rich and the poor will be eliminated.
D)the overall economy will work well.

Question

Quizplus · Accepted Answer

The invisible hand suggests that individuals pursuing their own self-interest in a free market will unintentionally promote the overall welfare of society by efficient allocation of resources. This does not necessarily mean that all inequalities will be eliminated or that any country can automatically become advanced or hunger-free.

Adam Smith's Idea of the "Invisible Hand" Tries to Convey