Asked by
Emily Julio
on Nov 25, 2024Verified
The highly influential book by Adam Smith, who brought up the "invisible hand" notion, is titled
A) Freakonomics.
B) The Principles of Economics.
C) The Age of the Economist.
D) The Wealth of Nations.
Invisible Hand
A concept introduced by Adam Smith to describe the self-regulating nature of the marketplace, where individual self-interests inadvertently benefit society.
Adam Smith
An 18th-century Scottish economist and philosopher, best known for his theories on free market economics detailed in "The Wealth of Nations."
Wealth Of Nations
A seminal book by Adam Smith that discusses what builds nations' wealth, often considered the foundation of modern economic theory.
- Acquire knowledge about the "invisible hand" mechanism and its influence on economic effectiveness and communal interests.
Verified Answer
RR
Learning Objectives
- Acquire knowledge about the "invisible hand" mechanism and its influence on economic effectiveness and communal interests.