# Market Access Economic Potential

## Definition

The economic development possibilities available to a region based on its access to markets and trade routes. Market access economic potential determines the maximum level of specialisation, division of labour, and productivity that can be achieved in different locations.

## Source Chapter

Book I, Chapter 3

## Context

Smith shows how market access economic potential varies: coastal areas with water-carriage have high potential for development, river regions have moderate potential, while isolated inland areas have limited potential due to poor market access and high transportation costs.

## Economic Domain

General Theory

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