635 B
635 B
Engrossing
Definition
The practice of buying up large quantities of a commodity, particularly corn, with the intent to sell again at a profit, often viewed with suspicion as potentially manipulating market prices.
Source Chapter
Book IV, Chapter 5
Context
Smith defends engrossing as a legitimate market activity that helps distribute goods from areas of surplus to areas of scarcity, arguing that restrictions on this practice only harm the public interest.
Economic Domain
Exchange