879 B
879 B
Distant Sale Manufacturing
Definition
The production of manufactured goods intended for sale in markets beyond the immediate locality, which develops only when artificers have excess capital beyond what is needed for local business. This manufacturing represents a more advanced stage of economic development than local production and requires sufficient market access to justify the investment.
Source Chapter
Book III, Chapter 1
Context
Smith presents this as a later stage of economic development that occurs only after local markets are saturated and artificers seek to expand their customer base, explaining why manufacturing for distant sale develops slowly in areas with limited market access.
Economic Domain
Production