The invisible hand definition in economics is the combined effect of all relevant market elements in a certain situation. But, what is the invisible hand theory?

Explore the invisible hand theory in economics with this informative video lesson. See examples of how self-interest guides the economy, with a quiz for practice.

Perfect competition is perpetuated in regulated economic market systems, as the concept of the 'invisible hand,' devised by Adam Smith, keeps supply and demand lines in check. Learn more …

The invisible hand is the idea that people's self-interest helps them make decisions that benefit themselves, and in the long term, society.

Invisible Hand: Invisible hand refers to a term that was introduced by Adam Smith to refer to unseen forces that impact the economy. The invisible hand is most common in the free market …

Invisible Hand: The invisible hand was introduced by the father of Economics, Adam Smith, in his Theory of Moral Sentiments. In his famous book, The Wealth of Nations, he linked this concept …

The invisible hand refers to: a) how central planners made economic decisions. b) how the decisions of households and firms lead to desirable market outcomes. c) the control that large …

Adam Smith's invisible hand refers to A. the subtle and often hidden methods that businesses use to profit at the consumers' expense. B. the ability of free markets to reach desirable outcomes, …

Feel free to measure your understanding of the invisible hand concept as it applies to economics through this quiz/worksheet. You can print out the...

Learn about the invisible hand theory in economics. Explore how Adam Smith came up with the concept of the invisible hand theory and see an invisible hand example.