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" As it is the power of exchanging that gives occasion to the division of labour, so the extent of this division must always be limited by the extent of that power, or, in other words, by the extent of the market. "
An Inquiry Into the Nature and Causes of the Wealth of Nations - Page 26
by Adam Smith - 1789
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The Works of Adam Smith, LL.D. and F.R.S. of London and Edinburgh:: The ...

Adam Smith - Economics - 1812 - 520 pages
...Divifion of Labour is limited by the Extent of the Market. AS it is the power of exchanging that gives occafion to the divifion of labour, fo the extent...When the market is very fmall, no perfon can have any encourage, ment to dedicate himfelf entirely to one employment, for want of the power to exchange all...
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The Works of Adam Smith: The nature and causes of the wealth of nations

Adam Smith - Economics - 1812
...Dhifion of Labour is limited by the Extent of the Market. AS it is the power of exchanging that gives occafion to the divifion of labour, fo the extent...power, or, in other words, by the extent of the market. \Vhen the market is very fmall, no perfon can have any encouragement to dedicate himfelf entirely to...
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An Inquiry Into the Various Systems of Political Economy: Their Advantages ...

Charles Ganilh - Economics - 1812 - 520 pages
...says Adam Smith, " that gives occasion to the division of labour, so the extent of this division must always be limited by the extent of that power, or, in other words, by the extent of the market." * There is, therefore, no donbt remaining concerning the extreme importance of commerce or the circulation...
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The Works of Adam Smith, Volume 2

Adam Smith - Economics - 1812 - 582 pages
...Divifion of Labour is limited by the , Extent of the Market. AS it is the power of exchanging that gives occafion to the divifion of labour, fo the extent of this divifion mufl always be limited by the extent of that power, or, in other words, by the extent of the market....
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View of the Progress of Political Economy in Europe Since the Sixteenth Century

Travers Twiss - Business & Economics - 1847 - 358 pages
...power of exchanging that gives occasion to the division of labour, so the extent of this division must always be limited by the extent of that power, or,...the extent of the market. When the market is very small, no person use of the term product. International commerce. ON COMMERCIAL OUTLETS. 231 can have...
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View of the Progress of Political Economy in Europe Since the Sixteenth ...

Sir Travers Twiss - Economics - 1847 - 356 pages
...power of exchanging that gives occasion to the division of labour, so the extent of this division must always be limited by the extent of that power, or,...the extent of the market. When the market is very small, no person can have any encouragement to dedicate himself LECTURE entirely to one employment,...
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Principles of Social and Political Economy, Or, The Laws of the ..., Volume 1

William Atkinson - Economics - 1858 - 698 pages
...power of exchanging that gives occasion to the division of labour, so the extent of this division must always be limited by the extent of that power, or, in other words, by the extent of the market" " The extent of their market, therefore, must for a long time be in proportion to the riches and populousness...
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An inquiry into the nature and causes of the wealth of nations. A careful ...

Adam Smith - 1875 - 808 pages
...power of exchanging that gives occasion to the division of labour, so the extent of this division must always be limited by the extent of that power, or,...the extent of the market. When the market is very small, no person can have any encouragement to dedicate himself entirely to one employment, for want...
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Cyclopaedia of Political Science, Political Economy, and of the ..., Volume 3

John Joseph Lalor - Economics - 1884 - 1254 pages
...iii.), "that gives occasion to the division of labor, so the extent of this division must always bo limited by the extent of that power, or, in other words, by the extent of the market. * * It is impossible that there should be such a trade as that of a nailer in the remote and inland...
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Life of Adam Smith

Richard Burdon Haldane Haldane (Viscount) - Economists - 1887 - 184 pages
...power of exchanging that gives occasion to the division of labour, so the extent of this division must always be limited by the extent of that power, or,...the extent of the market. When the market is very small, no person can have any encouragement to dedicate himself entirely to one employment, for want...
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