Coaches Quote by Adam Smith
“A very poor man may be said in some sense to have a demand for a coach and six; he might like to have it; but his demand is not an effectual demand, as the commodity can never be brought to market in order to satisfy it.”
About This Quote
Source Book: The Theory of Moral Sentiments, 1759
A poor man's desire for a coach is unattainable because the service cannot be produced for him.
In simple terms: Unmet demand due to impossibility.
Key Takeaway
Recognize limits of supply.
Themes
economics
poverty
market theory
Mood
analytical
critical
Type
economic
philosophical
When to use this quote
- policy making
- charitable planning
- business strategy
Key Concepts
utility
resource scarcity
Questions to Reflect On
- How can societies address needs that markets cannot meet?
- What alternatives exist for unmet demands?
A Different Perspective
Ideal solutions may be impractical.
