# Agricultural Price Stability ## Definition The degree to which agricultural prices remain relatively constant over time, unaffected by short-term fluctuations in supply or demand. Agricultural price stability can be pursued through various policy interventions and market mechanisms. ## Source Chapter Book I, Chapter 11 ## Context Smith discusses the desirability and feasibility of agricultural price stability, arguing that attempts to stabilize prices often create more problems than they solve and that market-determined prices better serve long-term economic interests. ## Economic Domain Regulation ---