The invisible hand promotes the interests of
ECONOMICS
JAMB 2012
The invisible hand promotes the interests of
- A. consumers
- B. society
- C. government
- D. producers
Correct Answer: A. consumers
Explanation
The invisible hand is a natural force that self regulates the market economy. An example of invisible hand is an individual making a decision to buy noodles and egg, that person decision will make the economic society as a whole better off. This individual(s) are consumers that indirectly influences market economy as regards, what to produce, when to produce, how to produce and for whom to produce
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