1. The difference between owners and employees is their source of income. For example , owners make profits by owning and investing in products rather than working for wages. Employees sell their labor for wages. They depend on employment for income. Mark Zekelburg owns Facebook and profits from the company. A digital editor for Facebook earns a wages for editing the design of the app and much more.
  2. The quote by Adam Smith explains that labor is the foundation of economic production, but they don’t get the recognition of how important their work is. I completely agree with Adam Smith because without the workers , there would be no work products.
  3. My main thoughts on class is not an identity is that class is more about social relations rather than something people are born into.
  4. The argument that class structures are built round a close form of dependency means that social classes are connected through relationships driven by economic power. People’s positions within the class hierarchy are dependent on the actions, resources, and the labor of those in other classes.
    An example of close form dependency , is the relationship between owners and workers. Owners depend on workers to produce goods that will generate profit, while workers depend on owners to provide employment and wages.

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