The threat of rejection is part of what makes the invisible hand a valid metaphor for how the market system works.

Question

Quizplus · Accepted Answer

The invisible hand metaphor suggests that individual self-interest in a competitive market leads to economic benefits for society. The threat of rejection (e.g., consumers rejecting products) incentivizes producers to improve quality and efficiency, aligning personal gain with societal benefit.

The Threat of Rejection Is Part of What Makes the Invisible