22 lines
793 B
Markdown
22 lines
793 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-1-chapter-10 -->
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# Foreign Trade
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## Definition
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Commercial exchange between different countries, which Smith identifies as generally more uncertain in its returns than inland trade, though the degree of uncertainty varies among different branches of foreign commerce.
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## Source Chapter
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Book I, Chapter 10
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## Context
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Smith notes that foreign trade, particularly certain branches like trade to North America, offers higher potential profits than inland trade due to greater uncertainty of returns. This observation about risk and reward in different types of commerce forms part of his analysis of profit differentials across employments of stock.
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## Economic Domain
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Exchange
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---
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