INVISIBLE HAND OF THE MARKET

Invisible Hand Of The Market

Invisible Hand Of The Market

It is an important property of a competitive market economy. One must not come under the illusion that the world is beyond our control. At the end of the day the invisible hand is a product of the mass population and it can be affected according to the different ideologies that govern countries such as capitalism, socialism and communism. If socialism is implemented then the effect of the invisible hand will visibly wane.

There are concepts that are behind the invisible hand in a free market. ...