Economics JAMB

The invisible hand promotes the interests of?

A. consumers
B. society
C. government
D. producers

Correct Answer:

Option A – consumers

Explanation

The invisible hand is a natural force that self regulates the market economy. An example of an invisible hand is an individual making a decision to buy noodles and eggs, that person’s decision will make the economic society as a whole better off. This individual(s) are consumers that indirectly influences the market economy as regards, what to produce, when to produce, how to produce and for whom to produce

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