Question #1269a
1 Answer
Sep 2, 2017
He meant that only a free market could provide the greatest good for society
Explanation:
The invisible hand theory is basically the idea that through the law of the demand and supply, the market would automatically create a harmonious managing of resources either human or natural. For instance if the government intervenes in the job market by imposing a minimum wage, the demand might decrease due to the inability of employers( i.e the demand on the job market) to pay for the wages levels made compulsory.
