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# Mine Situation

## Definition

The geographical location of a mineral mine and its accessibility to markets and transportation infrastructure. Mine situation can significantly affect the cost of production and the price that can be obtained for the extracted minerals.

## Source Chapter

Book I, Chapter 11

## Context

Smith argues that for mineral extraction, the situation of the mine is often more important than its fertility in determining profitability, as transportation costs can significantly affect the competitiveness of mineral products in distant markets.

## Economic Domain

Production

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