markitect-main/examples/infospace-with-history/output/entities/pasture-land.md

Pasture Land

Definition

Land used primarily for grazing livestock, particularly cattle and sheep. The rent of pasture land is determined by its capacity to support animals and the market value of the livestock products it produces.

Source Chapter

Book I, Chapter 11

Context

Smith analyzes how the rent of pasture land varies with its quality and location, and how it competes with corn land in the agricultural economy. He examines the factors that determine whether land is more profitably used for pasture or cultivation.

Economic Domain

Production

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