What Does Adam Smith's Term "The Invisible Hand" Refer To

question 133

Multiple Choice

What does Adam Smith's term "the invisible hand" refer to?  

• A) the hidden role of government in setting regulations that govern trading in markets 
• B) the most capable entrepreneurs in the economy 
• C) market forces 
• D) the unseen work of the financial markets that facilitate trade

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Definitions:

Electronic Invoice Form

A digital version of a billing document sent by a supplier to a customer, detailing products or services sold and requesting payment.

QuickBooks

An accounting software package developed and marketed by Intuit, aimed at small and medium-sized businesses for managing invoices, expenses, and payroll.

Receive Payment

The process of collecting money from customers against the outstanding amount due for goods sold or services rendered.

Prepare Reports

The process of organizing and presenting financial data and analyses, typically for business decision-making.