903 B
903 B
Commerce of Towns
Definition
The commercial activities and trading relationships that develop in urban centres, creating markets for rural produce and generating wealth that flows back to improve agricultural lands and rural conditions through land purchases, improvements, and the introduction of order and good government.
Source Chapter
Book III, Chapter 4
Context
This chapter's central concept explaining how urban commercial activity drives rural improvement through three mechanisms: creating markets for agricultural produce, wealthy merchants purchasing and improving uncultivated lands, and gradually introducing order and good government to rural areas that previously lived in continual war and servile dependency.
Economic Domain
Exchange