Quote

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.

Adam Smith

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Adam Smith
Age: 67 †
Born: 1723
Born: June 16
Died: 1790
Died: July 17
Economist
Non-Fiction Writer
Philosopher
University Teacher
Writer
Lang Toun
Natural
Complaining
Decays
Prosperity
Diminishes
Profit
Merchants
Effect
Diminish
Trade
Complain
Effects
Employed
Greater
Decay
Though
Stock
Diminution

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