Adam Smith：The Wealth of Nations, Book I, Chapter VII, Paragraph 144

There is in every society or neighbourhood an ordinary or average rate, both of wages and profit, in every different employment of labour and stock. This rate is naturally regulated, as I shall shew hereafter, partly by the general circumstances of the society, their riches or poverty, their advancing, stationary, or declining condition, and partly by the particular nature of each employment.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book I, Chapter VII, paragraph 144 · Verified：2026-10-19 · Verification：Exact match

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