Adam Smith Word Scramble
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| Question | Answer |
| What is Adam Smith known for being? | The founder of modern economic science. |
| What was he known for writing? | An Inquiry into the Nature and Causes of the Wealth of Nations. |
| What did he think was the best form of economic system? | He believed that free enterprise was the best form of economic system. |
| List Adam Smiths four Canons of taxation? | Economy, Equity, Certainty and Convenience. |
| What did Smith think was an ideal market? | Perfect Competition. |
| Why did Smith advocate international free trade? | So markets could operate efficiently and allow gains from free trade,to spread between nations. |
| What did he believe was the keys to increasing wealth? | Specialisation of labour. |
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omeliaeconomics
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