What Assumptions About The Economy Must Be True For The Invisible Hand To Work? [Solved]
Sup, iam Lawrence Stammel, Have a two coffee day! What Assumptions About The Economy Must Be True For The Invisible Hand To Work? [Solved] The two assumptions are - 1. Every individual must be selfish in nature and collectively this leads to the greater good for society, 2. Every individual must have complete information of the goods or services they are consuming. Adam Smith and the Invisible Hand Theory Explained The theory of the...