1.The Owning class lives of their investments, stocks, bonds, rents, royalties and other property incomes while the Employees work for a living, they live off their salaries, wages and fees.

2. Smith is saying that without labor there’s no value in wages and salary because labor is the true value of all commodities , basically the employee to me are the true value of a company and without them there is no company.

3.Class represents a person’s social standing in society. In this country a person can “rise above” the class they were born into with hard work and dedication, just because you were born poor doesn’t mean you have to be poor. I don’t believe it’s a person’s identity, it does not define who you are as a person

4.A close form of dependency can be between owner and worker, consumers. The owners depends on the workers to produce product to make money and the workers depends on the owners and consumers to earn money.