Adam Smith：The Wealth of Nations, Book I, Chapter VI, Paragraph 140

An independent manufacturer, who has stock enough both to purchase materials, and to maintain himself till he can carry his work to market, should gain both the wages of a journeyman who works under a master, and the profit which that master makes by the sale of that journeyman’s work. His whole gains, however, are commonly called profit, and wages are, in this case, too, confounded with profit.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book I, Chapter VI, paragraph 140 · Verified：2026-10-19 · Verification：Exact match

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