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7 April, 19:38

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

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  1. 7 April, 20:31
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    Answer:you cant see it coming
  2. 7 April, 22:55
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    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.
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