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# Natural Price of Commodities

## Definition

The price of a commodity that exactly covers the rent of land, wages of labour, and profits of stock required to bring it to market, representing the central or equilibrium price toward which market prices continually gravitate.

## Source Chapter

Book I, Chapter 7

## Context

The central concept of this chapter, introduced as the price that "leaves him this profit" and is "the lowest at which he is likely to sell them for any considerable time" under conditions of perfect liberty.

## Economic Domain

Exchange

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