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  • Presented by Kelasi Wani Puja Patil Bharti Rajput

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    The document discusses Adam Smith's concept of the "invisible hand of the market." Smith first introduced this concept in his 1759 book "The Theory of Moral Sentiments" to describe how individual self-interest and competition can benefit society. He later expanded on this idea in his influential 1776 book "The Wealth of Nations," which argued that when individuals act in their own self-interest, they are led "as if by an invisible hand" to generally benefit the whole society.

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    Hand theory

    Original Title

    Invisible Hand Theorykpks

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    The document discusses Adam Smith's concept of the "invisible hand of the market." Smith first introduced this concept in his 1759 book "The Theory of Moral Sentiments" to describe how individual self-interest and competition can benefit society. He later expanded on this idea in his influential 1776 book "The Wealth of Nations," which argued that when individuals act in their own self-interest, they are led "as if by an invisible hand" to generally benefit the whole society.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views5 pages

    Presented by Kelasi Wani Puja Patil Bharti Rajput

    Uploaded by

    puja patil
    The document discusses Adam Smith's concept of the "invisible hand of the market." Smith first introduced this concept in his 1759 book "The Theory of Moral Sentiments" to describe how individual self-interest and competition can benefit society. He later expanded on this idea in his influential 1776 book "The Wealth of Nations," which argued that when individuals act in their own self-interest, they are led "as if by an invisible hand" to generally benefit the whole society.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    Presented by

    Kelasi Wani
    Puja Patil
    Bharti Rajput
    • Invisible Hand of the market is a figure of speech envisioned by
    Adam Smith.
    • •
    • One of the greatest contributions by Adam
    • •The concept was first introduced in his book “The Theory of
    Moral Sentiments” in 1759.
    •
    • •Concept was again used in his book titled “The Wealth of
    Nations” in 1776

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