69.1k views
0 votes
Why is the concept of the invisible hand important in a capitalistic free market society like what we have in the U.S.?

1 Answer

6 votes
Why Is the Invisible Hand Important? The invisible hand allows the market to reach equilibrium without government or other interventions forcing it into unnatural patterns. When supply and demand find equilibrium naturally, oversupply and shortages are avoided.
User Matt Oates
by
3.8k points