markitect-main/examples/infospace-with-history/output/entities/whole-produce-of-labour.md

Whole Produce of Labour

Definition

The complete output created by a worker's labour, which in primitive economic conditions belongs entirely to the labourer without claims from capital or land ownership. This represents the full value created by direct labour alone.

Source Chapter

Book I, Chapter 6

Context

Discussed as the condition in early economic states where no stock or land ownership exists to claim portions of the product. Smith uses this concept to contrast with later conditions where wages, profits, and rent divide the produce.

Economic Domain

Production

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