Economics A-Level
Invisible hand
What Invisible hand means in Economics A-Level, as defined for AQA.
Definition of Invisible hand
Check what you remember
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Reference: AQA
The continuous interaction of demand and supply that automatically adjusts prices until market equilibrium is restored.
Topics that use Invisible hand
- The determination of equilibrium market prices (AQA A-Level)
Related terms
- Ceteris paribus
- Disequilibrium
- Economic shocks
- Equilibrium
- Excess demand
- Excess supply
- Incentive function
- Market clearing
Using Invisible hand in the exam
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