Part one of term paper
This first reading of Adam Smith's, Wealth of Nations, examines the labor force, ( in this case, of Europe and England ) how it functions to improve abundance and how that abundance is distributed throughout society. The amount of annual abundance in a country will depend on two circumstances. First, by the skill, dexterity, and judgm ...

Part two of term paper
... the invention of machines. Smith maintains that division of labor was not the product of human wisdom or benevolence, but rose out of human nature to exchange what one has for something one doesn't have, which will bring a greater good into their lives. The next point regarding abundance was that the division of labor is always limited by the extent of market or, supply and demand. The first trading was dependent upon commodities. This led to "common" commodities being used for excha ...