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infospace: process book-4-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-4-chapter-05 -->
# Environmental Scanning
# Definition
The systematic monitoring of external economic conditions, market trends,
and competitive forces to inform strategic decision-making and policy
development in response to changing circumstances.
## Source Chapter
Book IV, Chapter 5
## Context
Smith's analysis of how bounties affect different market conditions and
seasonal variations reflects the importance of environmental scanning in
understanding the complex effects of economic policies.
## Economic Domain
General Theory
---