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infospace: process book-1-chapter-05

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Extract entities, map to VSM, and synthesize analysis.
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Bernd Worsch
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-1-chapter-05 -->
# Market Price Adjustment
## Definition
The process by which prices are determined through the higgling and bargaining of the market, adjusting according to supply, demand, and the relative difficulty of different types of labour.
## Source Chapter
Book I, Chapter 5
## Context
Smith describes this as the mechanism by which the market settles on prices that, while not perfectly accurate, are sufficient for carrying on the business of common life.
## Economic Domain
Exchange
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