In economist the term invisible hand is refers to:
A. Hand of God
B. Market self regulating system
C. Hands of invisible people
D. Regulations of government
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Correct Answer : B.
The term invisible hand is refers to the market self regulating system working through the forces of supply and demand. In economics, the invisible hand, also known as invisible hand of the market, is the term economists use to describe the self-regulating nature of the marketplace. This term is firstly used by Adam Smith.