Quotation by

Adam Smith

Labor was the first price, the original purchase - money that was paid for all things.

Money

Understanding this quote AI Analysis

Adam Smith means that work or effort is the initial cost required to obtain anything of value. Essentially, before money or goods can be exchanged, labor is the fundamental investment behind their creation.

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When I was young I thought that money was the most important thing in life now that I am old I know that it is.

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The lack of money is the root of all evil.

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