Question

The concept of 'invisible hand' is related to
(A) R. K. Brown
(B) Marshall
(C) Spencer
(D) Smith

• A. R. K. Brown
• B. Marshall
• C. Spencer
• D. Smith

Hint:

Remember Adam Smith's connection with the "invisible hand" as a cornerstone of classical economic theory.

Answer 1

The Correct Option is D

The concept of the "invisible hand" was introduced by Adam Smith, often regarded as the father of modern economics. It describes how individuals pursuing their self-interests in a free-market economy inadvertently promote the overall good of society, as if guided by an invisible hand.