Question

Technological advancements, such as the personal computer and medical discoveries, are primarily driven by the profit motive. However, such advancements eventually promote the public or social interest as though they are guided by

Answer 1

Technological advancements like the personal computer and the medical discoveries promote public interests as though they are guided by the invisible hand.

What is the invisible hand?

The invisible hand in economics can be used to describe those unseen forces that are known to control demand and supply in the market.

It is very important in the economy due to the fact that it allows the market to get to equilibrium.

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