In His Book, an Inquiry into the Nature and Causes

question 296

Multiple Choice

In his book, An Inquiry into the Nature and Causes of the Wealth of Nations, Adam Smith described a visit he made to a

• A)car factory.
• B)pin factory.
• C)washing machine factory.
• D)farm.

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Definitions:

Values

The principles or standards of behavior that are considered important in life or in a particular culture.

Cultural Change

The transformation of a society's norms, values, beliefs, and practices over time.

American Stores

historically refers to a chain of supermarkets and drugstores in the United States, illustrating an example of retail business operation.

Diffusion

The spread of cultural elements, ideas, technologies, or innovations from one area or social group to another.