invisible hand

invisible hand definition - business

invisible hand

Free-market economic forces that guide scarce resources to their most productive uses. This term is credited to economist Adam Smith, who believed a capitalistic system with people free to act in their own self-interest would produce the greatest public good.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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