Adam Smith's The Wealth of Nations: Summary & Concept

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Who wrote The Wealth of Nations, and when was it published?

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1. Where was Adam Smith from and what was his profession?

2. Which of the following is not an economic principle presented in The Wealth of Nations discussed in this lesson?

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About This Quiz & Worksheet

The Wealth of Nations is one of the texts most closely associated with modern capitalism, and this quiz/worksheet combo will help you understand why by testing your knowledge of the principles the book introduced. You'll also learn about when the book was published and how it was received by the general public.

Quiz & Worksheet Goals

In these assessments, you'll be tested on:

  • The author of The Wealth of Nations, and when it was published
  • The major economic principles presented in The Wealth of Nations
  • The definition of division of labor
  • The economic world's response to The Wealth of Nations

Skills Practiced

This quiz and worksheet allow students to test the following skills:

  • Defining key concepts - ensure that you can accurately define main phrases, such as division of labor, productivity and free markets
  • Critical thinking - apply relevant concepts to examine information about capitalism in a different light
  • Knowledge application - use your knowledge to answer questions about the public response to The Wealth of Nations

Additional Learning

To learn more about The Wealth of Nations, review the accompanying lesson. This lesson covers the following objectives:

  • Identify who wrote The Wealth of Nations, when it was published, and how the general public reacted to it
  • Understand how the concepts introduced in The Wealth of Nations promote capitalism
  • Define the free market and its invisible hand
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