642 B
642 B
Superfluity
Definition
Surplus production beyond what an individual needs for their own consumption, which becomes available for exchange with others, enabling the division of labour and commercial society.
Source Chapter
Book I, Chapter 4
Context
Smith explains that the division of labour creates superfluities - surplus production that individuals can exchange for other goods they need but do not produce themselves, forming the basis for commercial exchange.
Economic Domain
Production