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danymd52

Adam Smith implies with his theory of the invisible hand that each person moves selfishly within the economic area, however the individual riches also benefits the rest of the population.

I think the theory speaks of the trust that people deposit in moving within their own businesses, which is a good thing.

cellistsfuturistic

Yes,i agree with the Adam Smith theory if and only if government does not intervene in the economy :

  • The invisible hand which Adam Smith wrote about is really just a metaphor for a market economy.In such an economy, no one person or government entity really makes decisions about what will be produced.Adam Smith's basic philosophy was the philosophy of Laissez Faire Capitalism.

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