The graph shows an early economic theory known as the "invisible hand." Which best describes the idea behind the "invisible hand"? Producers decide what to make for consumers, which guides the economy. Individuals seeking their own self interest benefit the economy as a whole. Government sets policy for producers and consumers, which guides the economy. Consumers decide what they need and want to buy, which guides the economy.

Question

11 February, 03:14

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Answers (2)

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Barr · Answer 1

Adam Smith, in Wealth of Nations. So either A and / or D.

Lucian · Answer 2

NOT Consumers decide what they need and want to buy, which guides the economy.