Which kind of outcome was adam smith referring to when describing the invisible hand? a

Marketing Jan 09, 2021

Which kind of outcome was adam smith referring to when describing the invisible hand?

a. Open outcomes

b. Planned outcomes

c. Mixed outcomes

d. Market outcomes

Expert Solution

d. Market outcomes

The invisible hand in the economy is stated as a free state in the equilibrium market. In this scenario, equilibrium is analyzed by the equality of demand and supply of goods and services. Hence, this scenario has strived towards the market outcomes.

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