Explain how the invisible hand will lead you to consider

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Reference no: EM133500069

Case Study: Adam Smith's Invisible Hand. This concept explains how a market will provide incentives for individuals to look out for the well-being of others while also acting in their self-interest. In this discussion, your task is to:

Put yourself in the shoes of an entrepreneur looking to start a new business somewhere.

Question 1: Explain how the invisible hand will lead you to consider the well-being of your potential customers over what you may call your short-sighted self-interest.

Question 2: How might the invisible hand effect what good/service you provide?

Question 3: Would the invisible hand effect the quality of goods/services you provide?

Reference no: EM133500069

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