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Author: Adam Smith

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As any particular commodity comes to be more manufactured, that
part of the price which resolves itself into wages and profit,
comes to be greater in proportion to that which resolves itself
into rent. In the progress of the manufacture, not only the
number of profits increase, but every subsequent profit is
greater than the foregoing; because the capital from which it is
derived must always be greater. The capital which employs the
weavers, for example, must be greater than that which employs the
spinners; because it not only replaces that capital with its
profits, but pays, besides, the wages of the weavers: and the
profits must always bear some proportion to the capital.

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