Question

The theory advanced by Adam Smith,

who influenced the Classical School,
was that the market is always in
equilibrium. What is the accepted term
for this theory?
A. Providence
B. The Invisible Hand
C. The Law of Supply and Demand

Answer 1

Definition: The unobservable market force that helps the demand and supply of goods in a free market to reach equilibrium automatically is the invisible hand. Description: The phrase invisible hand was introduced by Adam Smith in his book 'The Wealth of Nations'.

so ans is the invisible hand

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