Adam Smith：The Wealth of Nations, Book II, Chapter V, Paragraph 896

When the capital of any country is not sufficient for all those three purposes, in proportion as a greater share of it is employed in agriculture, the greater will be the quantity of productive labour which it puts into motion within the country; as will likewise be the value which its employment adds to the annual produce of the land and labour of the society. After agriculture, the capital employed in manufactures puts into motion the greatest quantity of productive labour, and adds the greatest value to the annual produce. That which is employed in the trade of exportation has the least effect of any of the three.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book II, Chapter V, paragraph 896 · Verified：2026-10-19 · Verification：Exact match

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