A metaphor used to illustrate how an individual pursuing his own interests also tends to promote the good of the community. a) Angle theory b) agency theory c) invisble hands

Question

Lena Joyce

Social Studies

14 January, 16:58

A metaphor used to illustrate how an individual pursuing his own interests also tends to promote the good of the community. a) Angle theory b) agency theory c) invisble hands

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Answers (1)

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Jett Velazquez · Answer 1

c) invisible hands

Explanation:

Invisible hands -

Adam Smith gave this concept of invisible hands.

It refers to the hidden forces which is responsible for the movement of the free market economy, is referred to as the invisible hands.

The process takes place via self interest, consumption and production.

Hence, from the given statement of the question, the correct option is c. invisible hands.