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Page 601 of 2651

Author: Adam Smith

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These different sorts of rude produce may be divided into three
classes. The first comprehends those which it is scarce in the
power of human industry to multiply at all. The second, those
which it can multiply in proportion to the demand. The third,
those in which the efficacy of industry is either limited or
uncertain. In the progress of wealth and improvement, the real
price of the first may rise to any degree of extravagance, and
seems not to be limited by any certain boundary. That of the
second, though it may rise greatly, has, however, a certain
boundary, beyond which it cannot well pass for any considerable
time together.

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