633 B
633 B
Command Over Labour
Definition
The power that wealth confers to direct and employ the labour of others, measured by the quantity of labour that can be purchased or commanded through the possession of commodities or money.
Source Chapter
Book I, Chapter 5
Context
Smith argues that a person's wealth is determined by the degree to which they can command the labour of others, making this concept central to his understanding of economic power and value.
Economic Domain
Distribution