The invisible hand concept suggests that Multiple Choice market failures imply the need for a national economic plan. big businesses are inherently more efficient than small businesses. assuming competition, private and public interests will coincide. the competitiveness of a capitalistic market economy invariably diminishes over time.

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27-06-2022
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The invisible hand concept suggests that Multiple Choice market failures imply the need for a national economic plan. big businesses are inherently more efficient than small businesses. assuming competition, private and public interests will coincide. the competitiveness of a capitalistic market economy invariably diminishes over time.

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Parrain Parrain · Answer 1 · 2022-06-29T14:17:31+02:00

The invisible hand concept says that assuming competition, private and public interests will coincide.

What does the invisible hand concept call for?

It believes that in order for a society to be well off, there has to be competition between firms.

This competition would lead to increased production which will take care of the country better. This would coincide with the public interest of taking care of citizens.

Find out more on the invisible hand theory at https://brainly.com/question/3078419.

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