793 B
793 B
Inn or Tavern Keeper
Definition
An individual who operates a lodging and drinking establishment, which Smith identifies as a business that is neither agreeable nor creditable due to the lack of household autonomy and exposure to difficult customers, yet can yield substantial profits relative to the capital required.
Source Chapter
Book I, Chapter 10
Context
Smith uses inn and tavern keeping to illustrate how disagreeable business conditions can lead to higher profits. Despite the personal drawbacks of the trade, the potential for significant returns attracts entrepreneurs willing to accept these disadvantages.
Economic Domain
Distribution