price as well as the maintenance of the horse, the whole price still
resolves itself, either immediately or ultimately, into the same three parts
of rent, labour, and profit.

In the price of flour or meal, we must add to the price of the corn, the
profits of the miller, and the wages of his servants ; in the price of
bread, the profits of the baker, and the wages of his servants; and in the
price of both, the labour of transporting the corn from the house of the
farmer to that of the miller, and from that of the miller to that of the
baker, together with the profits of those who advance the wages of that
labour.

The price of flax resolves itself into the same three parts as that of corn.
In the price of linen we must add to this price the wages of the
flax-dresser, of the spinner, of the weaver, of the bleacher, etc. together
with the profits of their respective employers.

As any particular commodity comes to be more manufactured, that part of the
price which resolves itself into wages and profit, comes to be greater in
proportion to that which resolves itself into rent. In the progress of the
manufacture, not only the number of profits increase, but every subsequent
profit is greater than the foregoing ; because the capital from which it is
derived must always be greater. The capital which employs the weavers, for
example, must be greater than that which employs the spinners; because it
not only replaces that capital with its profits, but pays, besides, the
wages of the weavers : and the profits must always bear some proportion to
the capital.

In the most improved societies, however, there are always a few commodities
of which the price resolves itself into two parts only the wages of labour,