The neoclassical economists' invisible hand of the market is driven by people'sA) sense of fairness.B) generosity.C) self-interest.D) time inconsistency.

Question

Elizabeth Blythe · Accepted Answer

Final Answer : C, Explanation :  The invisible hand concept, introduced by Adam Smith, suggests that individuals' pursuit of their own self-interest unintentionally benefits society as a whole, as if guided by an invisible hand. This principle underlies much of neoclassical economics.

The neoclassical economists' "invisible hand" of the market is driven by people's

A) sense of fairness.
B) generosity.
C) self-interest.
D) time inconsistency.

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Learning Objectives

Related questions

The neoclassical economists' "invisible hand" of the market is driven by people'sA) sense of fairness.B) generosity.C) self-interest.D) time inconsistency.

Definitions

Learning Objectives

Learning Objectives

Related questions

The neoclassical economists' "invisible hand" of the market is driven by people's

A) sense of fairness.
B) generosity.
C) self-interest.
D) time inconsistency.