Question

Adam Smith used the metaphor of the "invisible hand" to:

a. Describe the appropriate, limited role of government
b. Describe how the individual pursuit of self-interest works to promote the interest of the public as a whole
c. Describe how, ideally, income would be distributed "from each according to his ability, to each according to his need"
d. Describe the benefits of free trade

Answer 1

b. Describe how the individual pursuit of self-interest works to promote the interest of the public as a whole

Step-by-step explanation:

• The adam smith uses the terms invisible hand as a metaphor to describe the self-interest of the people as to promote the interest of the public as a whole and is concerns with the forces that affect economic activity. This is described in the book wealth of nations.