# Maritime Commerce Development

## Definition

The historical progression of sea-based trade and its role in creating extensive markets that support industry, specialisation, and economic development. Maritime commerce development typically precedes inland economic development due to lower transportation costs and broader market access.

## Source Chapter

Book I, Chapter 3

## Context

Smith traces how maritime commerce developed first around the Mediterranean, then along sea-coasts and navigable rivers, and only later extended to inland areas, showing the sequential pattern of economic development based on transportation advantages.

## Economic Domain

Exchange

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