Adam Smith：The Wealth of Nations, Book I, Chapter VII, Paragraph 176

The natural price itself varies with the natural rate of each of its component parts, of wages, profit, and rent; and in every society this rate varies according to their circumstances, according to their riches or poverty, their advancing, stationary, or declining condition. I shall, in the four following chapters, endeavour to explain, as fully and distinctly as I can, the causes of those different variations.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book I, Chapter VII, paragraph 176 · Verified：2026-10-19 · Verification：Exact match

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