642 B
642 B
Corn Land
Definition
Land used for growing grain crops, particularly wheat and other cereals. The rent of corn land is determined by its productivity in grain production and the market price of grain.
Source Chapter
Book I, Chapter 11
Context
Smith examines how corn land serves as the baseline for determining rents of other types of land, as grain production is the most fundamental agricultural activity and provides the subsistence for most of the population.
Economic Domain
Production