What assumptions about the economy must be true for the invisible hand to work? To what extent

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What assumptions about the economy must be true for the invisible hand to work? To what extent are those assumptions valid in the real world?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Oct 29, 2023 09:42 AM

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What assumptions about the economy must be true for the invisible hand to work? To what extent

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The concept of the invisible hand is a key idea in economics introduced by Adam Smith in his book The Wealth of Nations It suggests that individuals pursuing their selfinterest in a competitive market ...View the full answer

Principles Of Economics

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