Briefly Describe the Concept of the "Invisible Hand

question 354

Essay

Briefly describe the concept of the "invisible hand."

---

Definitions:

Money

A medium of exchange that is widely accepted in transactions for goods and services, acting as a unit of account, a store of value, and sometimes, a standard of deferred payment.

Precious Metals

Rare, naturally occurring metallic elements of high economic value, which are often used as investment commodities, jewelry, and in industrial applications.

Paper Dollar

A term referring to United States currency notes made of paper, as opposed to coins or digital currency.

Collectibles

Items of personal or aesthetic value, often rare or unique, that are sought after and collected by enthusiasts.