What Is the Invisible Hand in Economics?

The invisible hand is a metaphor for the unseen forces that move the free market economy. Through individual self-interest and freedom of production and consumption, the best interests of society, as a whole, are fulfilled. The constant interplay of individual...

Understanding the Rule of 72: A Key to Investment Growth

The Rule of 72 is a mathematical formula that estimates how long it will take an investment to double in value or to lose half its value. To calculate the Rule of 72, you divide the number 72 by the rate of return of an investment or account. The Rule of 72 can only...