The invisible hand, a concept coined by Adam Smith in his seminal work “The Wealth of Nations,” describes the unseen market forces that drive a free economy through self-interest and voluntary trades.
This metaphor illustrates how individuals, in pursuing their own goals, inadvertently contribute to societal welfare. The dynamics of supply and demand naturally adjust prices and trade flows without centralized control, highlighting how personal motives can lead to broader economic benefits and fulfillment of society’s needs.
