796 B
796 B
Sugar Colonies
Definition
Plantations in tropical regions, particularly in the West Indies, that produce sugar cane for export to European markets. These colonies represent a form of specialized agricultural production that commands exceptionally high profits and rents due to the high value of sugar and the limited geographical areas suitable for its cultivation.
Source Chapter
Book I, Chapter 11
Context
Smith uses sugar colonies as an extreme example of land that can command rents far exceeding those of ordinary agricultural land, due to the combination of high-value production and limited suitable territory.
Economic Domain
Production