810 B
810 B
Improvement of the Country
Definition
The process by which rural lands become more productive and valuable through cultivation, infrastructure development, and better management, driven by urban commercial wealth that creates markets for agricultural produce and funds land purchases and improvements by wealthy merchants seeking to become country gentlemen.
Source Chapter
Book III, Chapter 4
Context
The ultimate outcome that Smith argues results from the commerce of towns, describing how three mechanisms work together to transform rural areas from states of war and dependency into ordered, productive, and prosperous regions.
Economic Domain
Production