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# Agricultural Market Access Development Sequence

## Definition

The historical progression from isolated local markets through regional integration to national and international agricultural markets, which Smith argues was essential for agricultural development but was severely retarded by medieval trade restrictions and institutional barriers.

## Source Chapter

Book III, Chapter 2

## Context

Smith traces how market access evolved as legal and institutional barriers were removed, showing that agricultural development required not just better farming techniques but also the institutional framework that allowed farmers to sell their produce in the most advantageous markets.

## Economic Domain

Exchange

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