in the business world how would you define and Evaluate the Invisible hand of competition?

Answer 1

The invisible hand of competition is the driving force in our economy. It inspires people to develop new products or improve on old ones. If there were no competition then we would still be driving Model T's (God forbid that we would all have to drive a Ford) or worse yet horses.

I hope that was at least a good start on your essay question for what ever encon class you are taking. Fell free to quote as much of it as you like.

Answer 2

A giant (about 7 feet tall), floating hand in a white glove that makes a constant wriggling motion.