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Society
A community of people living in a more or less ordered community, often characterized by its laws, customs, and organizations.
Invisible Hand
A metaphor introduced by Adam Smith to describe the self-regulating behavior of the marketplace, where individual self-interests unintentionally benefit society.
Adam Smith
An 18th-century Scottish economist and philosopher, best known for his theories on capitalism and the invisible hand of the market.
Free Market
A system of voluntary exchange in which every agent is free to produce, buy, and sell “as the market will bear,” without interference or standards set by any outside authority.
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