Sunday, October 18, 2015

Blog No 8

1.  I agree with Smiths ideas that without agriculture, our economy would suffer. Smith is more of a logical thinker so he's right in that kind of standing. He satisfies my curiosity because many people get their wealth from our agriculture and manufacturers, without them we wouldn't have the things we have now.

2. In today's time, it's all about the items you own. The more you have the wealthier you are. We would label wealth as the type of house you have, the type of car you drive, the looks of your clothes, and anything else someone might describe as luxurious. A secure investment would have to be a savings bond because it's the one sure way you won't be losing money in the process.

3. I disagree with Smith. Although I like his idea of the process, I feel like that only would have worked back in the day. Today the process would be more like schooling, technology, foreign commerce. Today education and technology over rules agriculture and manufacturing.

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