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Since this is the case, it has been observed, with regard to

every particular commodity, taken separately, it must be so with

regard to all the commodities which compose the whole annual

produce of the land and labour of every country, taken complexly.

The whole price or exchangeable value of that annual produce must

resolve itself into the same three parts, and be parcelled out

among the different inhabitants of the country, either as the

wages of their labour, the profits of their stock, or the rent of

their land.

But though the whole value of the annual produce of the land and

labour of every country, is thus divided among, and constitutes a

revenue to, its different inhabitants; yet, as in the rent of a

private estate, we distinguish between the gross rent and the

neat rent, so may we likewise in the revenue of all the

inhabitants of a great country.