Limitation Quotes
The division of labour was limited by the extent of the market.
"The division of labour was limited by the extent of the market."— Adam Smith
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Meaning of this quote
Specialization depends partly on having enough customers to sustain a narrow occupation.
Key takeaway:
Consider the size of the market before specializing further.
Origin of the quote
The Wealth of Nations (1776)
Who actually said this?
Rewords the Book I, chapter III heading from “is limited” to “was limited”.
Source:
The Wealth of Nations (1776)
