free market and Invisible Hand>>>Wajiha Ejaz

 Invisible hand:

The invisible hand is a metaphor for low, in a free market economy, self-interested individuals operate through a system of mutual interdependence. This interdependence incentivizes producers to make what is socially necessary, even though they may care only about their own well-being.

The invisible hand of the market creates predictable economic systems such as supply and demand because humans are relatively predictable in their behavior.

Factors in the invisible hand:

These factors are government does not get involved, competition keeps the quality high, competition keeps prices low, the needs of society are automatically met, and profit-seeking producers will make more.

Free marketing:

The free market is an unregulated system of economic, in which taxes, quality controls, quotas, and other forms of centralized economic interventions by the government either do exist or are minimal.

Factors in free market:

These factors are government, international transactions, speculation and expectation, and supply and demand.


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