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 way in which government duties secretly increase the price of imported goods C. the process by which a single worker completes all stages in the manufacture of a product D. the thefts committed by workers in factories

Answers

Answer 1

Answer:

The phrase "invisible hand" initially originated in Adam Smith's well-known book The Wealth of Nations to explain how free markets can motivate people to generate things that society needs.

What is "Invisible Hands" ?

The unseen forces that steer the free market economy are represented by the metaphor of the invisible hand. The best interests of society as a whole are served by allowing individuals to act in their own self-interest and with freedom to produce and consume. Prices and trade flow naturally as a result of the ongoing interaction of individual influences on supply and demand in the market.

Laissez-faire, or the "let do/let go" attitude to the market, includes the invisible hand. In other words, the strategy maintains that the market will reach equilibrium without the need for government or other outside interventions.into atypical patterns.

Two important concepts are distilled by the invisible hand metaphor. First, in a free market, voluntary exchanges result in unintended and widespread advantages. Second, these advantages outweigh those of a controlled, planned economy.

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Answer 2

Answer:

Hey-

Okay, Well the answer is A. A guide that ensures that people produce the things that society needs.

Hope the helps you :) And others.

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