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# Graziers Versus Manufacturers Interests

# Definition

The differing economic interests between livestock producers (graziers) and manufacturers in trade policy, particularly regarding import restrictions on competing goods. Smith argues that manufacturers often benefit more from protectionist policies than agricultural producers.

## Source Chapter

Book IV, Chapter 2

## Context

Smith contrasts the effects of trade restrictions on graziers and manufacturers, arguing that while both groups seek protection, manufacturers often gain more from protectionist policies due to the nature of their products and markets.

## Economic Domain

Regulation

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