492 B
492 B
Truck
Definition
The act of exchanging or bartering goods, particularly in the sense of trading commodities, which Smith identifies as one of the three forms of the fundamental human propensity that gives occasion to the division of labour.
Source Chapter
Book I, Chapter 2
Context
Smith lists truck, barter, and exchange as the three manifestations of the human propensity that forms the basis of economic organisation and specialisation.
Economic Domain
Exchange