Ask Question
20 September, 17:15

Whose actions determine the effectiveness of the "invisible hand"?

+5
Answers (2)
  1. 20 September, 17:44
    0
    In pursuit of their interests, individuals would contribute to market equilibrium. This would happen because, even without the intention of collaborating with other agents, this dynamic would culminate in a positive situation for society as a whole.

    This balance would be the result of what we now know as the law of supply and demand.

    According to this law, the price of a product is determined by the balance between the number of companies offering the product and the number of consumers looking for it.

    The invisible hand is therefore a symbolic representation of the idea that the market itself is organized in the best possible way.
  2. 20 September, 20:53
    0
    Answer:you cant see it coming
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Whose actions determine the effectiveness of the "invisible hand"? ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers