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Which of the following best defines Adam Smith's ideal of the Invisible Hand
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The best definition of Adam Smith's ideal of the Invisible Hand is:
The concept that in a free market economy, individuals pursuing their own self-interests and acting independently will unintentionally benefit society as a whole. Through the mechanism of supply and demand, the market will regulate itself and allocate resources effectively without the need for central planning or government intervention.
The concept that in a free market economy, individuals pursuing their own self-interests and acting independently will unintentionally benefit society as a whole. Through the mechanism of supply and demand, the market will regulate itself and allocate resources effectively without the need for central planning or government intervention.
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