632 B
632 B
Importation Trade
Definition
The commercial activity of bringing foreign goods into a country for domestic consumption, often restricted by tariffs and prohibitions but occasionally liberalized during periods of scarcity.
Source Chapter
Book IV, Chapter 5
Context
Smith discusses how importation trade can help supply the home market during scarcity, but argues that the inland trade is generally more important for national prosperity than foreign trade.
Economic Domain
Exchange