Adam Smith：The Wealth of Nations, Book II, Chapter V, Paragraph 901

All wholesale trade, all buying in order to sell again by wholesale, maybe reduced to three different sorts: the home trade, the foreign trade of consumption, and the carrying trade. The home trade is employed in purchasing in one part of the same country, and selling in another, the produce of the industry of that country. It comprehends both the inland and the coasting trade. The foreign trade of consumption is employed in purchasing foreign goods for home consumption. The carrying trade is employed in transacting the commerce of foreign countries, or in carrying the surplus produce of one to another.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book II, Chapter V, paragraph 901 · Verified：2026-10-19 · Verification：Exact match

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