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RE: Adam Smith on Capitalism: My Review of "The Wealth of Nations," Book 1, Chapter 5 (Part 1): "of the Real and Nominal Price of Commodities, or of their Price in Labour, and their Price in Money"

in #economics6 years ago

A labourer can work very hard but may not necessary get paid as much as a person who uses his brain in an office. The value of labour may not necessary equal to the amount of effort and energy put in but the value the one can give and produce to the organisation. An organisation pays more for one who can produce or create the greatest profit to their objectives even if little effort is needed as only the suitable one can produce those result and may not be the hardworking ones. Thanks for sharing!

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