Understanding Adam Smith's "Invisible Hand" Concept
School
Foothill College**We aren't endorsed by this school
Course
ECON 1A
Subject
Economics
Date
Dec 9, 2024
Pages
1
Uploaded by ElderCat794
Question 10 3/ 3 pts Adam Smith famously coined the term "invisible hand" which refers to: the coordination of markets. individuals acting in their own self-interest creating unintended social benefits for an economy. Yes! collective agreement on common goals for the economy. self-interested individuals trying to increase their own profits.
