Adam Smith Research Paper

Through his many ideas and his writings in The Wealth of Nations Adam Smith has established himself as a key contributor to modern economic concepts. After reading the document, I found that many of his concepts are used today. One of his concepts being that when someone works hard to earn lots of money, they are not only benefiting themselves. By working hard, they are also creating a product by which society will benefit. In The Wealth of Nations Smith’s main concept is to reveal the cause of a nation’s prosperity. He found that overall the most common point of prosperity was an increasing division of labor. This means that if one had 3 specialists who each did one part of constructing a product, they would be more productive than having