What is the Invisible Hand in Economics in simple words
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The “invisible hand” is just the name given to the concept that with millions of individual actors acting in their own best interest, the markets will naturally gravitate towards the “best” versions of products/services and the most efficient use of money. There is no discrete entity guiding the economy (as was often the case historically) but rather an _invisible_ force that came about organically.
So, for example, there would be no central player telling people to use a particular metal for building tools over another metal. Rather, buyers would gravitate towards tools made of a particular metal because it was better _for each individual buyer_ and blacksmiths would gravitate towards making tools of that metal because _each individual blacksmith_ sold more tools that way. No one colluded or decided on that metal, but rather the individual choices of each person would guide the market in that direction.
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