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# Coal Price

## Definition

The market price of coal, which is influenced by its abundance, transportation costs, and the availability of alternative fuels. Coal prices tend to be lower in coal-producing regions and higher in areas dependent on imported coal.

## Source Chapter

Book I, Chapter 11

## Context

Smith analyzes coal prices as an example of how the rent component in commodity prices varies with the natural abundance of resources, arguing that coal rents are typically lower than rents for agricultural land due to the greater abundance of coal mines.

## Economic Domain

Production

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