Answer
The invisible hand is a term coined by Adam Smith in 1776 when he wrote about the inquiry of the wealth of nations the invisible hand refers to the guided process of firms and households in the market act as if they are guided by an “invisible hand” that leads them to desirable market outcomes.
Work Step by Step
This is a question regarding the marketplace and the ideology of how government intervenes in the marketplace to help society achieve efficiency and maximized trade.
