How did Adam smith describe workers as a part of the free enterprise system?

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2026-03-06 11:10

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Adam Smith described workers in the free enterprise system as essential components of the division of labor, which enhances productivity and efficiency. He argued that specialization allows workers to become more skilled in their tasks, ultimately benefiting the economy. In his view, the self-interest of workers and employers drives innovation and economic growth, contributing to overall societal prosperity. Thus, workers play a crucial role in maximizing the wealth of nations through their contributions to the market.

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