Invisible Hand

The "invisible hand" is a concept introduced by economist Adam Smith, describing how individuals pursuing their own self-interest can lead to positive outcomes for society as a whole. When people make decisions based on their own needs and desires—such as consumers seeking the best products or businesses striving for profit—they unintentionally contribute to economic growth and efficiency. This self-regulating nature of markets helps allocate resources effectively, often resulting in innovation and better services, all without central planning. Essentially, individual actions can create broader benefits, like an unseen guide directing economic activity towards overall welfare.