Exam

Of the Natural Progress of OpulenceIn his Of the Natural Progress of Opulence , tour smith argues that the natural course of things is that kitchen-gardening comes first . When agriculture is already established , manufacturing comes in , and then after that , outside commerce is lastly established . This is the natural trade pedal of a progressive coarseHe starts his business line with the premise that the townsfolk and country work together to obtain progress . Their relationship is vulgar , to wit , the country supplies the town with a means of subsistence and the materials for settle , and in return , the town repays the country by providing for the necessitate of the residents of the countryThe first and prime trade is agriculture . It is safe because the champion who invests in bring in is more secure in his coronation because his land back non be stolen from him . He cornerst maven also easily supervise the cultivation of his land . And finally , land has aesthetic value which never depreciates . Thus , a progressive country moldiness , first , countenance farmers who urinate food . Before a town can be developed , the countryside must first be cultivatedHowever , not everyone volition be farmers because farmers also have needs for other trades such as smiths , carpenters , bakers , manufacturers and others . When a farm grows , its needs gets to a wider enjoin , that then other trades and manufactures must necessarily come in . It would cost much less for a farmer to shackle another to address these needs than to do these himself . This is when a town with many crafts and trades develops . And all those trades which are within the town helper each other . Thus , they all progress . When a town has a lot of manufactured goods , they then can start to export and engage in foreign commerceReactionAdam Smith was quick to point out , in the last divide of his argument , that the cycle is sometimes reversed .

This readys me an impression that his argument is not always true . His argument that agriculture must first be established is not applicable in our time and age . Perhaps it was true during his time moreover during our time , there are already countries with no countrysides nor farmlands . Hong Kong is one of those . Switzerland is another . Farming in these countries are not a major factor to their economies . In fact , they just aftermath their food because they have so rich economies that they do not have to produce their own foodI would however submit that artless land is a waste . All lands must be utilized for some purpose . Sometimes , however , land use for agriculture is also a waste . agriculture sometimes gives so little return for the effort and resources consumed in making the land productive . There are industries which give more return . This is how I feel about thisHowever , I find very good logic in his stem on how a country grows Manufacturing industries do grow because we have farm produce and the increase of manufactured goods allows a country...If you demand to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper