Adam Smith formulated the invisible hand and the free market to explain the motivation for individual behaviors.The invisible hand refers to:
A)the variables within an individual that lead to motivation and behavior.
B)the desire to influence others, the urge to change people or events, and the wish to make a difference in life.
C)the work conditions related to satisfaction of the need for psychological growth.
D)the unseen forces of a free market system that shape the most efficient use of people, money, and resources for productive ends.

Question

Adam Smith formulated the invisible hand and the free market to explain the motivation for individual behaviors.The invisible hand refers to:​
A)​the variables within an individual that lead to motivation and behavior.
B)the desire to influence others, the urge to change people or events, and the wish to make a difference in life.​
C)the work conditions related to satisfaction of the need for psychological growth.​
D)the unseen forces of a free market system that shape the most efficient use of people, money, and resources for productive ends.​

Quizplus · Accepted Answer

The invisible hand refers to the unseen forces of the free market system that shape the most efficient use of people, money, and resources for productive ends. It is the idea that, in a free market, individuals pursuing their own self-interest will ultimately benefit society as a whole by creating a more efficient allocation of resources.

Adam Smith Formulated the Invisible Hand and the Free Market