The invisible hand doctrine was Adam Smith's idea that allowing competing sellers to act in their own best interest advances the economic interests of all society.

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Adam Smith introduced the concept of the "invisible hand" in his seminal work "The Wealth of Nations," suggesting that when individuals pursue their own self-interest under conditions of competition, they inadvertently contribute to the economic well-being of society as a whole.

The Invisible Hand Doctrine Was Adam Smith's Idea That Allowing