697 B
697 B
River Navigation Infrastructure
Definition
The natural and artificial waterways, including canals and improved river channels, that facilitate the movement of goods and people. River navigation infrastructure creates extensive inland markets that support industry, specialisation, and economic development.
Source Chapter
Book I, Chapter 3
Context
Smith cites examples from Egypt, Bengal, and China where great rivers and their canals created extensive inland navigation systems that supported early improvements in agriculture and manufactures, demonstrating how transportation infrastructure determines market extent and economic development.
Economic Domain
Exchange