The Invisible hand, coined by Adam Smith (widely regarded as the
father of modern economics) describes the self-regulating nature of
markets and the interactions of demand and supply to ensures
markets are in equilibrium. If the quantity in a market is not at
equilibrium, why is it likely to move towards equilibrium over
time? Give examples of some markets, products, or industries where
you recognize the "invisible hand" in action. If you believe that
markets are not generally self-regulating, explain...