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Definitions from the Web

Invisible Hand

Definition: The concept in economics that describes the unobservable market force that guides individuals to act in their own self-interest, ultimately leading to positive outcomes for society as a whole.

Part of Speech: Noun

Senses:

1. An economic concept.

Usage:

• The invisible hand of the free market ensures that resources are allocated efficiently.
• Adam Smith famously coined the term "invisible hand" in his book.

Sample Sentences:

• The concept of the invisible hand suggests that individuals pursuing their own interests can unintentionally benefit society as a whole.
• According to the theory of the invisible hand, the market will naturally reach equilibrium without government intervention.

Related Products:

• Economics Books
• Books by Adam Smith