Adam Smith：The Wealth of Nations, Book IV, Chapter V, Paragraph 1204

The trade of the corn merchant is composed of four different branches, which, though they may sometimes be all carried on by the same person, are, in their own nature, four separate and distinct trades. These are, first, the trade of the inland dealer; secondly, that of the merchant-importer for home consumption; thirdly, that of the merchant-exporter of home produce for foreign consumption; and, fourthly, that of the merchant-carrier, or of the importer of corn, in order to export it again.

Source： https://www.gutenberg.org/ebooks/3300
Locator：Book IV, Chapter V, paragraph 1204 · Verified：2026-10-19 · Verification：Exact match

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