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7 February, 06:05

Explain how the invisible hand regulates the economy.

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  1. 7 February, 06:13
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    Explanation: The invisible hand regulates the economy by allowing producers to supply what consumers want. As consumer demands increase so does the number of competitors providing similar goods and services. The increased competition results in prices staying at a reasonable level so that government action is not required in maintaining a stable economy
  2. 7 February, 06:14
    0
    The invisible hand is a force that moves the market economy.

    Explanation:

    The best interests in society are founded through personal interest and freedom of the production.

    The invisible hand is managing those resources and it determinates how to apply those services equally. It regulates the distribution and change of goods.

    The invisible hand considers that everyone in the society will work for their interest.
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