Adam Smith：The Wealth of Nations, Book I, Chapter VIII, Paragraph 189

It sometimes happens, indeed, that a single independent workman has stock sufficient both to purchase the materials of his work, and to maintain himself till it be completed. He is both master and workman, and enjoys the whole produce of his own labour, or the whole value which it adds to the materials upon which it is bestowed. It includes what are usually two distinct revenues, belonging to two distinct persons, the profits of stock, and the wages of labour.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book I, Chapter VIII, paragraph 189 · Verified：2026-10-19 · Verification：Exact match

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