Ian

6%
Flag icon
prime cost of any commodity does not comprehend the profit of the person who is to sell it again, yet, if he sells it at a price which does not allow him the ordinary rate of profit in his neighbourhood, he is evidently a loser by the trade; since, by employing his stock in some other way, he might have made that profit.
An Inquiry into the Nature and Causes of the Wealth of Nations
Rate this book
Clear rating
Open Preview