721 B
721 B
Kelp
Definition
A type of seaweed that, when burned, produces an alkaline salt used in glassmaking, soap production, and other industrial processes. Kelp grows on rocky shores within the high-water mark and can be harvested without cultivation.
Source Chapter
Book I, Chapter 11
Context
Smith uses kelp as an example of a natural product that can command rent even though it requires no human improvement, demonstrating that rent is not solely a function of agricultural improvements but also reflects the natural productive capacity of land.
Economic Domain
Production