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What is the Adam smith view of "invisible Hand"? 

Invisible hand is an unknown power which is working for the interest of total economy. In any economy, everybody cares for his/her personal advantage in the market but market as a whole also runs very smoothly which means that there is some unknown power behind economic market which is running the entire economy. One example of this invisible hand is Government itself. 

 

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9574930

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