650 B
650 B
Merchant-Carrier
Definition
A trader who imports foreign corn into a country specifically to export it again, using the nation as a temporary storage and distribution point for international trade.
Source Chapter
Book IV, Chapter 5
Context
Smith discusses how bounties and trade restrictions affect the merchant-carrier trade, noting that while it doesn't directly supply the home market, it can indirectly contribute to market stability through international distribution.
Economic Domain
Exchange