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Trade is used as a means of full-filling one's self interest in a certain commodity. Smith states that when there is nothing left that you need, trading becomes some what of a problem because you aren't benefiting from it . Smith makes this seen when he talks about "how the butcher has more meat in his shop than he himself can consume, and the brewer and the baker would each of them be willing to purchase part of it"(WN I.ii.27), but have nothing to give the butcher in return because he doesn't need any more beer or bread. Since "every man thus lives by exchanging, or becomes in some measure a merchant, and the society grows to be what is properly a commercial society"(WN I.iv.37) the lack in being able to trade will hurt the society. Money was developed so that the economy would prosper and competition would emerge from prices within the market. Trade of commodities among individuals is the basis of how the market in a nation works.
Adam Smith goes on and talks about prices and......
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Title: Adam Smith
Approximate Word Count: 623
Approximate Pages: 3 (250 words per double-spaced page)
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