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प्रश्न
What is meant by the phrase ‘invisible hand’?
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उत्तर
According to Adam Smith, every person looks for his own self-interest and in pursuit of this in-tum works for the self-interest of all. In this sense, there seems to be an unseen force at work that converts what is good for each individual into what is good for society. This unseen force was called the 'invisible hand’.
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