Adam Smith coined the term "invisible hand" to describe the process by which:
A)self-interest leads an economy to ruin.
B)self-interest leads to an allocation of goods and services that is relatively efficient.
C)private interests are sacrificed for the benefit of society.
D)the wealthy become richer and the poor become poorer.

Question

Quizplus · Accepted Answer

Recall Adam Smith's tale of each business owner following his own interests with the result being that the collective well-being is served.

Adam Smith Coined the Term "Invisible Hand" to Describe the Process