20 lines
692 B
Markdown
20 lines
692 B
Markdown
# Economic Development Constraints
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## Definition
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The various factors that limit economic development and the division of labour, including geographical barriers, transportation costs, political obstacles, and market size limitations. Economic development constraints explain why some regions cannot achieve the same level of economic organisation as others.
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## Source Chapter
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Book I, Chapter 3
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## Context
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Smith identifies multiple economic development constraints: frozen oceans preventing navigation, distant rivers limiting inland trade, political control over waterways obstructing commerce, and small market sizes preventing specialisation.
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## Economic Domain
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General Theory
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---
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