goodencaleb goodencaleb

10-09-2022
Social Studies

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Why is the concept of the invisible hand important in a capitalistic free market society like what we have in the U.S.?

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jaisurajk jaisurajk

10-09-2022

Answer: By pursuing the profit motive, people provide goods that others want at a price they are willing to pay. The invisible hand allows the market to reach equilibrium without government or other interventions forcing it into unnatural patterns.

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