Famous quote by Adam Smith

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Labor was the first price, the original purchase - money that was paid for all things
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"Labor was the first price, the original purchase - money that was paid for all things"

- Adam Smith

About this Quote

Adam Smith's quote is a pointer of the significance of labor in the economy. He is stating that labor is the structure of all economic activity. Labor is the very first price that is spent for goods and services, and it is the initial purchase that is made in the economy. This quote emphasizes the worth of labor and the value of acknowledging the contributions of workers. It likewise highlights the need for reasonable earnings and working conditions. Smith's quote is a pointer that labor is the structure of the economy and ought to be respected and valued. Without labor, there would be no economic activity and no goods or services to purchase. For that reason, it is vital to recognize the worth of labor and guarantee that employees are treated relatively and compensated sufficiently for their work.

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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