Adam Smith Industrial Revolution Do you Know?

Adam Smith Industrial Revolution Do you Know? 1. Idea

BACK 1. Capitalism— market competition good (lower prices, more goods)

Adam Smith Industrial Revolution Do you Know? 1. Idea 2. Smith’s book

BACK 1. Capitalism– market competition good (lower prices, more goods) 2. Wealth of Nations

Adam Smith Industrial Revolution Do you Know? 1. Idea 2. Smith’s book 3. Government role in Industry

BACK 1. Capitalism-- market competition good (lower prices, more goods) 2. Wealth of Nations 3. “laissez faire”-- leave business alone!

Adam Smith Industrial Revolution Do you Know? 1. Idea 2. Smith’s book 3. Government role in Industry 4. Why humans have unequal wealth and incomes

BACK 1. Capitalism– market competition good 2. Wealth of Nations 3. “laissez faire”--let business alone! 4. Unequal motivation, talents, and work ethic