When profit diminishes, merchants are very apt to complain that trade decays; though the diminution of profit is the natural effect of its prosperity, or of a greater stock being employed in it than before.


Chapter IX - The Wealth of Nations (1776) - Book I

Adam Smith Quotes

When profit diminishes, merchants are very apt to complain that trade decays; though the diminution of profit is the natural effect of its...

When profit diminishes, merchants are very apt to complain that trade decays; though the diminution of profit is the natural effect of its...

When profit diminishes, merchants are very apt to complain that trade decays; though the diminution of profit is the natural effect of its...

When profit diminishes, merchants are very apt to complain that trade decays; though the diminution of profit is the natural effect of its...