invisible hand

Frequency: 4.52.8 per million words

a term used by Adam Smith to describe the unintended social benefits of individual self-interested actions

handADJECTIVE + NOUN (part of the body)

Categories:

invisible

Examples (10)

  • Adam Smith described the invisible hand of the market in his economic theory.
  • The invisible hand guides prices through supply and demand.
  • Free market economists believe in the power of the invisible hand.
  • Critics argue that the invisible hand cannot solve all economic problems.
  • The concept of the invisible hand revolutionized economic thinking.
  • Some regulations are needed when the invisible hand fails to work.
  • The invisible hand allocates resources efficiently in competitive markets.
  • Market forces act like an invisible hand coordinating economic activity.
  • Without government intervention, the invisible hand determines prices.
  • The theory of the invisible hand assumes rational self-interest drives the economy.