20 lines
716 B
Markdown
20 lines
716 B
Markdown
# Sea-Coast Development
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## Definition
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The pattern of economic development that occurs first along coastlines where water-carriage provides access to the widest possible markets. Sea-coast regions historically develop industry, trade, and division of labour before inland areas due to their superior access to extensive markets.
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## Source Chapter
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Book I, Chapter 3
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## Context
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Smith argues that improvements in art and industry naturally begin where water-carriage opens the whole world as a market, and only later extend to inland parts of the country. He uses examples from North American colonies and Mediterranean civilizations to demonstrate this developmental pattern.
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## Economic Domain
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Production
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