“An Inquiry into the Nature and Causes of the Wealth of Nations”

In “An Inquiry into the Nature and Causes of the Wealth of Nations” published in 1776, Adam Smith wrote:

“Nothing is more useful than water: but it will purchase scarcely anything… A diamond, on the contrary, has scarcely any use-value; but a very great quantity of other goods may frequently be had in exchange for it”

Use your own words and be sure to support your statements with logic and arguments.

Sample Solution