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# Ordinary Market Price of Land

## Definition

The typical price at which land sells in the market, determined by the relationship between the expected income from land ownership and the returns available from lending money at interest. This price reflects the relative attractiveness of land investment versus financial investment.

## Source Chapter

Book II, Chapter 4

## Context

Smith explains that land prices are determined by the comparison between land rents and interest rates, with land typically commanding a premium due to its superior security but requiring a lower return than financial investments.

## Economic Domain

Distribution
