Question Details

Detailed explanation and options for the selected question.

What is the concept of “invisible hand” associated with?

A. Adam Smith
B. John Maynard Keynes
C. David Ricardo
D. Milton Friedman

Explanation:

The "invisible hand" concept, introduced by Adam Smith, explains how self-interest drives market efficiency. Other economists are known for different theories.

Related Topics

Impact of Technology on Economic Sectors

Revision Notes

Rural Industrialization and Cluster Development

Revision Notes

Informal Sector Challenges and Formalization

Revision Notes

Climate Change: Challenges and Strategies

Revision Notes

Doubling Farmers’ Income

Revision Notes

World Trade Organization and Global Trade Regimes

Revision Notes

Research & Development and Innovation

Revision Notes

Semiconductor Manufacturing Initiative

Revision Notes

Infrastructure Financing Mechanisms

Revision Notes

Ayushman Bharat and Healthcare Access

Revision Notes