Book · An Inquiry into the Wealth of Nations
Page 741 of 2651
Author: Adam Smith
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The gross revenue of all the inhabitants of a great country
comprehends the whole annual produce of their land and labour;
the neat revenue, what remains free to them, after deducting the
expense of maintaining first, their fixed, and, secondly, their
circulating capital, or what, without encroaching upon their
capital, they can place in their stock reserved for immediate
consumption, or spend upon their subsistence, conveniencies, and
amusements. Their real wealth, too, is in proportion, not to
their gross, but to their neat revenue.
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