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Adam Smith Quotes
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Adam Smith Quotes 204
- A monopoly granted either to an individual or to a trading company has the same effect as a secret in trade or manufactures. The monopolists, by keeping the market constantly understocked, by never fully supplying the effectual demand, sell their commodities much above the natural price, and raise their emoluments, whether they consist in wages or profit, greatly above their natural rate.
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Tags : Adam Smith Quotes , Competition Quotes , Secret Quotes
- But what all the violence of the feudal institutions could never have effected, the silent and insensible operation of foreign commerce and manufactures gradually brought about.
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Tags : Adam Smith Quotes , Violence Quotes , Silent Quotes
- Secrets in manufactures are capable of being longer kept than secrets in trade.
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- He is led by an invisible hand to promote an end which was no part of his intention
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Tags : Adam Smith Quotes , Ignorance Quotes , Invisible Hand Quotes