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Of the produce of a great manufactory, in the same manner, one

part, and that always the largest, replaces the capital of the

undertaker of the work; the other pays his profit, and thus

constitutes a revenue to the owner of this capital.

That part of the annual produce of the land and labour of any

country which replaces a capital, never is immediately employed

to maintain any but productive hands. It pays the wages of

productive labour only. That which is immediately destined for

constituting a revenue, either as profit or as rent, may maintain

indifferently either productive or unproductive hands.