Even in the simple operation of sailing when at sea, I have often observ'd different judgments in the officers who commanded the successive watches, the wind being the same. One would have the sails trimm'd sharper or…
Even in the simple operation of sailing when at sea, I have often observ'd different judgments in the officers who commanded the successive watches, the wind being the same. One would have the sails trimm'd sharper or…
Adam Smith:The Wealth of Nations, Book I, Chapter VI, Paragraph 134
Adam Smith《The Wealth of Nations》· Book I, Chapter VI · Investing
But the whole price of any commodity must still finally resolve itself into some one or other or all of those three parts; as whatever part of it remains after paying the rent of the land, and the price of the whole labour employed in raising, manufacturing, and bringing it to market, must necessarily be profit to somebody.
Even in the simple operation of sailing when at sea, I have often observ'd different judgments in the officers who commanded the successive watches, the wind being the same. One would have the sails trimm'd sharper or…
I now open'd a little stationer's shop. I had in it blanks of all sorts, the correctest that ever appear'd among us, being assisted in that by my friend Breintnal. I had also paper, parchment, chapmen's books, etc.…
Henry Ford《My Life and Work》· My Life and Work · Leadership
3. The putting of service before profit. Without a profit, business cannot extend. There is nothing inherently wrong about making a profit. Well-conducted business enterprise cannot fail to return a profit, but profit must and inevitably will come as a reward for good service. It cannot be the basis--it must be the result of service.