What assumptions about the economy must be true for the invisible hand to work

What assumptions about the economy must be true for the invisible hand to work

What assumptions about the economy must be true for the invisible hand to work? To what extent are those assumptions valid in the real world? Do these conditions hold in the social service industries?

References:

OpenStax. (2019). Principles of economics (2e). OpenStax CNX. Retrieved from
https://openstax.org/details/books/principles-economics-2e
American Psychological Association. (2020). Publication manual of the American
Psychological Association (7th ed.). American Psychological Association.
https://doi.org/10.1037/0000165-000 Links to an external site.

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What assumptions about the economy must be true for the invisible hand to work

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