In The Wealth of Nations, Smith writes about an "invisible hand." Which of the following best describes the "invisible hand"?
A. a guide that ensures that people produce the things that society needs
B. the thefts committed by workers in factories
C. the way in which government duties secretly increase the price of imported goods
D. the process by which a single worker completes all stages in the manufacture of a product

The 'invisible hand' is a concept from Adam Smith's 'The Wealth of Nations' that describes how individual self-interest in a free market can lead to positive societal outcomes. It illustrates how personal ambition can guide the production of goods that society needs. The other options presented do not accurately define this economic principle. ;

Answered by GinnyAnswer | 2025-07-03

The 'invisible hand,' a concept from Adam Smith's 'The Wealth of Nations,' describes how individuals' self-interest in a free market can lead to beneficial outcomes for society. The best answer from the choices provided is option A, as it aligns with the idea that personal ambition guides the production of necessary goods. Other options do not accurately represent this economic principle.
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Answered by Anonymous | 2025-07-04