According to Adam Smith (1723-1790), the “invisible hand” of economics is competition that regulates the marketplace.
He first made this observation in An Inquiry into the Nature and Causes of the Wealth of Nations (1776).
According to Adam Smith (1723-1790), the “invisible hand” of economics is competition that regulates the marketplace.
He first made this observation in An Inquiry into the Nature and Causes of the Wealth of Nations (1776).