A market economy is regulated by “an invisible hand” known as the market mechanism. Explain what the market mechanism is.

Macroeconomics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter4: Demand And Demand: Applications And Extensions
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A market economy is regulated by “an invisible hand” known as the market mechanism.
Explain what the market mechanism is. 

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