---
entity_slug: market_price_adjustment
evaluator: null
evaluated_at: '2026-02-23T05:46:34.489482'
overall_score: 4.6
scores:
- name: definition_precision
  value: 4.0
  max_value: 5.0
  rationale: The definition clearly identifies a specific market mechanism - the process
    of price determination through bargaining and adjustment to supply/demand factors.
    It avoids circularity and captures a distinct economic process rather than a vague
    concept.
- name: source_grounding
  value: 5.0
  max_value: 5.0
  rationale: This entity is directly grounded in Smith's text from Book I, Chapter
    5, where he explicitly discusses the "higgling and bargaining of the market" as
    the mechanism for price determination. The reference to prices being "sufficient
    for carrying on the business of common life" is also textually accurate.
- name: domain_placement
  value: 5.0
  max_value: 5.0
  rationale: The "Exchange" domain is perfectly appropriate for this entity, as market
    price adjustment is fundamentally about the exchange process and how prices emerge
    from market transactions. This is a core mechanism of exchange rather than production,
    distribution, or consumption.
- name: vsm_relevance
  value: 4.0
  max_value: 5.0
  rationale: This entity maps well to VSM System 2 (coordination/anti-oscillation)
    as it describes how markets coordinate and stabilize prices through adjustment
    mechanisms. It also has elements of S1 (primary operations) as the basic functioning
    of market exchange.
- name: explanatory_value
  value: 5.0
  max_value: 5.0
  rationale: This entity provides significant explanatory power by illuminating the
    actual mechanism through which markets determine prices - not just that prices
    exist, but how they emerge through the dynamic process of bargaining and adjustment
    to economic forces. This reveals structural market relations rather than merely
    naming a surface phenomenon.
---

# Evaluation: Market Price Adjustment

## definition_precision — 4.0 / 5.0

The definition clearly identifies a specific market mechanism - the process of price determination through bargaining and adjustment to supply/demand factors. It avoids circularity and captures a distinct economic process rather than a vague concept.

## source_grounding — 5.0 / 5.0

This entity is directly grounded in Smith's text from Book I, Chapter 5, where he explicitly discusses the "higgling and bargaining of the market" as the mechanism for price determination. The reference to prices being "sufficient for carrying on the business of common life" is also textually accurate.

## domain_placement — 5.0 / 5.0

The "Exchange" domain is perfectly appropriate for this entity, as market price adjustment is fundamentally about the exchange process and how prices emerge from market transactions. This is a core mechanism of exchange rather than production, distribution, or consumption.

## vsm_relevance — 4.0 / 5.0

This entity maps well to VSM System 2 (coordination/anti-oscillation) as it describes how markets coordinate and stabilize prices through adjustment mechanisms. It also has elements of S1 (primary operations) as the basic functioning of market exchange.

## explanatory_value — 5.0 / 5.0

This entity provides significant explanatory power by illuminating the actual mechanism through which markets determine prices - not just that prices exist, but how they emerge through the dynamic process of bargaining and adjustment to economic forces. This reveals structural market relations rather than merely naming a surface phenomenon.
