The difference between owners and employees is in the relationship of the business and the responsibilities. The owner owns the company which means they have investment risks and they have the power to make decisions about the company. While the employees are hired by the company to perform specific tasks for the company to make money when he does this they are also earning money from the company Employees do not have any power to make changes on the comapny. For example a company like Apple has investors who own a huge portion of the comapny they make decisons about the company then you have the workers who make the phones they have no power in the company at all other then making the phones.

Adam Smith’s quote”The division of labor occasions a proportionate increase or the productive powers of labor,” encapsulates his belief in the power of specialized labor to drive productivity and economic prosperity.

The classes should not be considered an identity or a challenge belief. IT distinguishes class as a social position from a personal or group sense of self and suggests that understanding class as a structural phenomenon allows for more effective political mobilization. People argue that class interacts significantly with other aspects of identity. In reading 4.4 it is argued that class structures are based on a “close form of dependency” which refers to the intrinsic reliance between different classes.