22 lines
668 B
Markdown
22 lines
668 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-1-chapter-04 -->
|
|
|
|
# Merchant
|
|
|
|
## Definition
|
|
|
|
An individual who engages in buying and selling goods, which Smith argues every person becomes in some measure in a commercial society due to the division of labour and the necessity of exchange.
|
|
|
|
## Source Chapter
|
|
|
|
Book I, Chapter 4
|
|
|
|
## Context
|
|
|
|
Smith observes that in a commercial society, every individual becomes a merchant to some degree, as they must engage in exchange to obtain goods they need but do not produce themselves, making commerce the fundamental social activity.
|
|
|
|
## Economic Domain
|
|
|
|
Exchange
|
|
|
|
---
|