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Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050

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BuyFindarrow_forward

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050
Textbook Problem

What does the “invisible hand” of the marketplace do?

To determine

What does the “Invisible hand” of market place do?

Explanation

Smith says that the participants in the economy are motivated by sell-interest and the “invisible hand” of the marketplace guides this self-interest into promoting general economic well-being...

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