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23 June, 23:18

What does the "invisible hand" represent in Adam Smith's theory of

Laissez-Faire economics?

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  1. 23 June, 23:44
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    it means The invisible hand is a metaphor for the unseen forces that move the free market economy ... The constant interplay of individual pressures on market supply and demand causes the natural movement of prices and the flow of trade. The invisible hand is part of laissez-faire, meaning "let do/let go," approach to the market.
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