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# Underling Tradesmen Maxims

## Definition

The narrow commercial principles adopted by small-scale merchants and manufacturers who prioritize securing exclusive customer relationships and protecting local markets over seeking the most efficient sources of supply and the best markets for their goods.

## Source Chapter

Book IV, Chapter 3

## Context

Smith criticizes these principles when applied to national economic policy, arguing that great traders seek the best value regardless of source, while underling tradesmen wrongly believe national prosperity depends on exclusive trading relationships.

## Economic Domain

Exchange

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