# Commercial Society

## Definition
Commercial Society refers to a society in which the majority of economic activity is based on the exchange of goods and services. In such a society, individuals rely on the production of others for the majority of their needs and wants, facilitated by the use of money as a medium of exchange.

## Source Chapter
Book 1, Chapter 4

## Context
Smith uses the concept of a commercial society to explain the development of complex economies where individuals become increasingly specialized in their work and depend on trade with others to meet their needs.

## Economic Domain
Economic Sociology, Economic History, Microeconomics
