Describe adam smiths economic philosophy

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Reference no: EM133446114

Assignment:

1. Describe Adam Smith's economic philosophy. (Include descriptions of essential vocabulary and concepts)

2. How do each of the 4 assigned economic systems answer the question: what role should the government play in the economy - little, a lot, of somewhere in between? (Give details and examples to illustrate how each of the 4 systems answer this question.)

3. What are some significant ways in which the Industrial Revolution changed the world? (Give examples that describe both sides of a change - the before and after. Make sure that opinion statements are supported by facts.)

Reference no: EM133446114

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