Smith's "Invisible Hand"

Adam Smith's "Invisible Hand" refers to the unintended social benefits resulting from individuals pursuing their own economic interests. When people and businesses act in their own best interest—such as doctors providing quality care to attract patients or manufacturers producing desirable goods—they often contribute to the overall economy's efficiency and growth without intentional coordination. This self-regulating process helps allocate resources, set prices, and drive innovation naturally, fostering prosperity and societal well-being. Essentially, individual pursuit of profit and success can lead to positive outcomes for society as a whole, guided by this "invisible" force.