Question

. 11. "Consumption is the sole end and purpose of all production." Explain in brief. ​

Answer 1

Answer:

“Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer. ... In fact, “consumption,” broadly defined, is the whole purpose of Smith's inquiry, and of wealth itself.

Explanation:

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