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Page 395 of 2651

Author: Adam Smith

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Rent, it is to be observed, therefore, enters into the
composition of the price of commodities in a different way from
wages and profit. High or low wages and profit are the causes of
high or low price; high or low rent is the effect of it. It is
because high or low wages and profit must be paid, in order to
bring a particular commodity to market, that its price is high or
low. But it is because its price is high or low, a great deal
more, or very little more, or no more, than what is sufficient to
pay those wages and profit, that it affords a high rent, or a low
rent, or no rent at all.

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