invisibile hand

The "invisible hand" is a metaphor introduced by economist Adam Smith to describe how individuals pursuing their own interests can unintentionally benefit society as a whole. When people make choices based on their personal needs—like buying, selling, or investing—they contribute to the overall economy. For example, a baker seeking profit creates jobs and provides bread to the community. This self-regulating nature of the marketplace encourages innovation and efficiency, ultimately leading to greater prosperity, even if individuals are not consciously working for the collective good. The concept highlights the interconnectedness of personal and societal well-being in a free market.