737 B
737 B
Idle Consumers
Definition
Those members of society who consume economic output without contributing to its production through labour. This group represents a drain on the productive capacity of the economy as they consume without creating value.
Source Chapter
Book I, Chapter 6
Context
Discussed in the context of how the annual produce of labour is divided between productive and unproductive consumption. Smith notes that the idle consume a great part of the annual produce, affecting whether the economy's value increases, diminishes, or remains stable.
Economic Domain
Consumption