In general,how efficiently and fairly does the invisible hand of the marketplace act to allocate resources

Question

Quizplus · Accepted Answer

The invisible hand of the marketplace operates efficiently by ensuring that goods and services are produced at the lowest possible cost while satisfying consumer demand. This results in a more efficient allocation of resources. However, this may not necessarily lead to a fair distribution of resources, as it may only serve the interests of those who have the ability to purchase them. Therefore, while the market mechanism is efficient, it does not necessarily ensure fairness.

In General,how Efficiently and Fairly Does the Invisible Hand of the Marketplace