infospace: process book-1-chapter-04
Extract entities, map to VSM, and synthesize analysis.
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-1-chapter-04 -->
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# Merchant
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## Definition
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An individual who engages in buying and selling goods, which Smith argues every person becomes in some measure in a commercial society due to the division of labour and the necessity of exchange.
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## Source Chapter
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Book I, Chapter 4
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## Context
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Smith observes that in a commercial society, every individual becomes a merchant to some degree, as they must engage in exchange to obtain goods they need but do not produce themselves, making commerce the fundamental social activity.
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## Economic Domain
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Exchange
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---
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