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# Agricultural Price Stability

## Definition

The degree to which agricultural prices remain relatively constant over time, unaffected by short-term fluctuations in supply or demand. Agricultural price stability can be pursued through various policy interventions and market mechanisms.

## Source Chapter

Book I, Chapter 11

## Context

Smith discusses the desirability and feasibility of agricultural price stability, arguing that attempts to stabilize prices often create more problems than they solve and that market-determined prices better serve long-term economic interests.

## Economic Domain

Regulation

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