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# Forestalling

## Definition

The practice of buying goods before they reach the market, particularly
corn, with the intent to resell at a higher price, historically prohibited
by law as a form of market manipulation.

## Source Chapter

Book IV, Chapter 5

## Context

Smith argues that forestalling prohibitions are misguided, as merchants who
buy early are often providing a valuable service by anticipating future
scarcity and helping to distribute goods more efficiently.

## Economic Domain

Exchange

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