Adam Smith: The Wealth of Nations Year: 1776
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Adam Smith: The Wealth of Nations
https://doi.org/10.3735/9781961844384.book-part-003

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Abstract

The annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniencies of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations. According therefore, as this produce, or what is purchased with it, bears a greater or smaller proportion to the number of those who are to consume it, the nation will be better or worse supplied with all the necessaries and conveniencies for which it has occasion.

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