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Adam Smith: The Father of Capitalism

Free market capitalism may seem like a difficult concept to teach your kids. But starting a lemonade stand is something every elementary student can understand. In this episode, Leo and Layla travel back in time to meet Adam Smith, the father of modern economics, and learn how to start a business, earn money, and provide goods and services where everyone wins.

Supplemental Material:

"Leo & Layla: Adam Smith" Worksheet

Worksheet

"Leo & Layla: Adam Smith" Worksheet