Ask Question
24 November, 07:28

The famous observation that households and firms interacting in markets act as if they are guided by an "invisible hand" that leads them to desirable market outcomes comes from whose 1776 book? a. David Ricardo b. Thorstein Veblen c. John Maynard Keynes d. Adam Smith

+1
Answers (1)
  1. 24 November, 10:02
    0
    d. Adam Smith

    Explanation:

    In 1776 Adam smith made an observation to the economics as the households and the forms interaction patterns and in the market as they were guided by an invisible hand and that led to the desired outcomes in the markets. Hence this invisible hand was used as a metaphor pf the free market economy which had the individual interest and freedom of the production and consumption as well.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The famous observation that households and firms interacting in markets act as if they are guided by an "invisible hand" that leads them to ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers