27 lines
669 B
Markdown
27 lines
669 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-4-chapter-05 -->
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# Merchantable Herrings
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## Definition
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Herrings that have been properly processed, repacked, and prepared for
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commercial sale, typically requiring additional salting and packaging beyond
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the initial sea-curing process.
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## Source Chapter
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Book IV, Chapter 5
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## Context
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Smith contrasts merchantable herrings with sea-sticks to demonstrate how
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bounties can create artificial price structures in the fishing industry,
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making government-subsidized products appear more expensive than they
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naturally would be.
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## Economic Domain
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Production
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---
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