It is the natural effect of improvement, however, to…
“It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Improvement tends to lower the cost of goods over time as production becomes more efficient.
In simple terms: Better production become cheaper.
Embrace innovation to reduce costs.
Themes
Mood
Type
When to use this quote
- business strategy
- consumer pricing
- technology adoption
Key Concepts
Questions to Reflect On
- How does innovation affect product pricing?
- What limits can prevent price drops?
Cost reductions may lag behind rapid demand spikes.