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What is the main idea of the "Invisible Hand" theory?


Society progresses when producers and consumers think about the government first and themselves second.


Society progresses when producers and consumers act in their own self-interest.

Respuesta :

The main idea of the "Invisible Hand" theory is that Society progresses when producers and consumers act in their own self-interest.

What is Free Market?

This refers to the market enterprise that exists when pricing is the main determinant of a market

Hence, we can see that The main idea of the "Invisible Hand" theory is that Society progresses when producers and consumers act in their own self-interest.

This is because this posits that markets find equilibrium without external factors and influences.

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