In "An Inquiry into the Nature and Causes of the Wealth of Nations" published in 1776,Adam Smith wrote:

"Nothing is more useful than water: but it will purchase scarcely anything... A diamond, on the contrary, has scarcely any use-value; but a very great quantity of other goods may frequently be had in exchange for it"

• Use your own words and be sure to support your statements with logic and arguments.
• Post your initial response early to continue the discussion. Be sure to respond to at least two of your classmates.