683 B
683 B
Vineyard
Definition
Land specifically cultivated for grape production to make wine. Vineyards often command premium rents due to the high value of wine and the limited geographical areas suitable for viticulture.
Source Chapter
Book I, Chapter 11
Context
Smith uses vineyards as an example of land that can command exceptionally high rents due to the high value of its produce and the limited supply of suitable land. He discusses how vineyard rents are regulated by the profitability of corn production.
Economic Domain
Production