Using the excerpt below, infer what Smith refers to as the "invisible hand" would
mean.
The following excerpts are from Adam Smith's The Wealth of Nations.
A. The sole purpose of all production is to provide the possible goods to the consumer at the
lowest possible price. Society should assist producers of goods and services only to the extent
that assisting them benefits the consumer... he intends his own gain; and he is in this, as in
many other cases, led by an invisible hand to Promote an end which was no part of
his
intention...By pursuing his own interest, he frequently promotes that of society
.....
a) Free markets
b) Command markets
c) Government interference
d) People pretending to buy things
