Political Economic Digest #17 On The Invisible Hand

In this issue, we will be discussing about one of the basic principles of economics: The Invisible Hand.

The term Invisible Hand used by Adam Smith to describe the natural force that  guides free market capitalism thorough competition for scarce resources. In a free market each participant, leading to exchange of goods and services, enables each participant to be better off then when simply producing  for himself/herself.  In  a free  market,  no regulation  of any type would  be needed  to ensure  that  the  mutually beneficial exchange of goods and services enables each participant to be better off then when simply producing for himself/herself.

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