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OpenStudy (anonymous):
Whawhat is smiths concept of the invisble hand?
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OpenStudy (anonymous):
What* sorry lol
OpenStudy (wwhitlock):
People produce things for a selfish reason: to make money. But they contribute to the betterment of society because other people get to use their products. So even if a company is just in it for the money, they better society. If their product doesn't better society, it won't sell. That's what Smith calls in invisible hand.
OpenStudy (anonymous):
Thank u so much!
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