Butthewholepriceofanycommoditymuststillfinallyresolveitselfintosomeoneorother,orallofthosethreeparts;aswhateverpartofitremainsafterpayingtherentoftheland,andthepriceofthewholelabouremployedinraising,manufacturing,andbringingittomarket,mustnecessarilybeprofittosomebody。
Asthepriceorexchangeablevalueofeveryparticularcommodity,takenseparately,resolvesitselfintosomeoneorotherorallofthosethreeparts;sothatofallthecommoditieswhichcomposethewholeannualproduceofthelabourofeverycountry,takencomplexly,mustresolveitselfintothesamethreeparts,andbeparcelledoutamongdifferentinhabitantsofthecountry,eitherasthewagesoftheirlabour,theprofitsoftheirstock,ortherentoftheirland。Thewholeofwhatisannuallyeithercollectedorproducedbythelabourofeverysociety,orwhatcomestothesamething,thewholepriceofit,isinthismanneroriginallydistributedamongsomeofitsdifferentmembers。Wages,profit,andrent,arethethreeoriginalsourcesofallrevenueaswellasofallexchangeablevalue。Allotherrevenueisultimatelyderivedfromsomeoneorotherofthese。
Whoeverderiveshisrevenuefromafundwhichishisown,mustdrawiteitherfromhislabour,fromhisstock,orfromhisland。Therevenuederivedfromlabouriscalledwages。Thatderivedfromstock,bythepersonwhomanagesoremployesit,iscalledprofit。Thatderivedfromitbythepersonwhodoesnotemployithimself,butlendsittoanother,iscalledtheinterestortheuseofmoney。Itisthecompensationwhichtheborrowerpaystothelender,fortheprofitwhichhehasanopportunityofmakingbytheuseofthemoney。Partofthatprofitnaturallybelongstotheborrower,whorunstheriskandtakesthetroubleofemployingit;andparttothelender,whoaffordshimtheopportunityofmakingthisprofit。Theinterestofmoneyisalwaysaderivativerevenue,which,ifitisnotpaidfromtheprofitwhichismadebytheuseofthemoney,mustbepaidfromsomeothersourceofrevenue,unlessperhapstheborrowerisaspendthrift,whocontractsaseconddebtinordertopaytheinterestofthefirst。Therevenuewhichproceedsaltogetherfromland,iscalledrent,andbelongstothelandlord。Therevenueofthefarmerisderivedpartlyfromhislabour,andpartlyfromhisstock。Tohim,landisonlytheinstrumentwhichenableshimtoearnthewagesofthislabour,andtomaketheprofitsofthisstock。Alltaxes,andantherevenuewhichisfoundeduponthem,allsalaries,pensions,andannuitiesofeverykind,areultimatelyderivedfromsomeoneorotherofthosethreeoriginalsourcesofrevenue,andarepaideitherimmediatelyormediatelyfromthewagesoflabour,theprofitsofstock,ortherentofland。
Whenthosethreedifferentsortsofrevenuebelongtodifferentpersons,theyarereadilydistinguished;butwhentheybelongtothesametheyaresometimesconfoundedwithoneanother,atleastincommonlanguage。
Agentlemanwhofarmsapartofhisownestate,afterpayingtheexpenseofcultivation,shouldgainboththerentofthelandlordandtheprofitofthefarmer。Heisapttodenominate,however,hiswholegain,profit,andthusconfoundsrentwithprofit,atleastincommonlanguage。ThegreaterpartofourNorthAmericanandWestIndianplantersareinthissituation。