Famous quote by Adam Smith

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Consumption is the sole end and purpose of all production and the interest of the producer ought to be attended to, only
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"Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer"

- Adam Smith

About this Quote

Adam Smith's quote recommends that the function of production is to satisfy the needs of the consumer. The producer's interests ought to just be taken into consideration if it is essential to guarantee the consumer's interests are fulfilled. This suggests that the customer should be the primary focus of production, as their needs should be the concern. Smith's quote likewise recommends that the producer should not be offered preferential treatment over the customer. The producer should just be given attention if it is necessary to guarantee the customer's interests are satisfied. This implies that the producer should not be offered favoritism over the customer. Smith's quote is a suggestion that the consumer must be the main focus of production, as their needs need to be the priority.

About the Author

Adam Smith This quote is written / told by Adam Smith between June 5, 1723 and July 17, 1790. He was a famous Economist from Scotland. The author also have 29 other quotes.

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