1. Owners are those who own the big companies that the employees work for. An example of owners would be CEOs, investors, and business owners. Owners do not generate their wealth through hard labor or working themselves but instead they make their money by controlling the labor of others, those being the employees.  An example of employees would be retail workers, factory workers, and anyone in the working class. They make their wealth by working themselves.

2. What I understand from the quote on pg28 is that Adam expressed that labor is the foundation of value. He basically explains that the value of a product is based on the labor put into it. 

3.  I agree with the main argument, that class is not an identity. Class is a set of social relations and economic positions that shape people’s lives in complex ways. Class is a system that organizes society and should not be mistaken as a culture.  

4. When it’s being said that class structures are built around a closer form of dependency, this is basically letting us know that both parties, employees and owners,  are both heavily dependent on each other. A close form of dependency is when neither parties could survive without the other.  An example of this is a store owner being heavily dependent on their employees to keep their store running and making money. Without them the store owner will not get paid and be able to pay their employees.