Economics B A-Level
Invisible hand
What Invisible hand means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Invisible hand
Check what you remember
Read the wording for your board, then hide it and explain Invisible hand in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The market forces of price changes that automatically eliminate a surplus without intervention in a free market.
Topics that use Invisible hand
- Price determination (Pearson Edexcel A-Level)
Related terms
- Ceteris paribus
- Excess demand
- Excess supply
- Incentives and rationing
- Market dynamics
- Market equilibrium
- Market-clearing price
- Non-price determinants
Using Invisible hand in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics B questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics B A-Level termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge