Invisible hand, metaphor, introduced through the 18th-century Scottish truth seeker and economist Adam Smith.
That characterizes the mechanisms through which really helpful social and economic results might also arise from the collected self-interested movements of individuals, none of whom intends to deliver about such outcomes.
Any economic system is capitalist as lengthy as personal folks manage the elements of production. A merely capitalist financial system is additionally a free market economy, that means the regulation of supply and demand, as an alternative than a central government, regulates production, labor, and the marketplace.
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