markitect-main/examples/infospace-with-history/output/entities/average-price-of-corn.md

Average Price of Corn

Definition

The typical or ordinary price of grain over time, which Smith identifies as a more stable measure than annual fluctuations and uses as a reference point for understanding long-term price trends.

Source Chapter

Book I, Chapter 5

Context

Smith discusses how the average price of corn is regulated by the value of silver and the cost of bringing it to market, using this to explain price stability over time.

Economic Domain

Exchange

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