The Invisible Hand: Empowering Entrepreneurs for the Well-being of Customers

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. 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. How might the invisible hand effect what good/service you provide? Would the invisible hand effect the quality of goods/services you provide?