22 lines
695 B
Markdown
22 lines
695 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-1-chapter-11 -->
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# Conversion Price
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## Definition
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The price at which agricultural produce, particularly grain, could be converted from payment in kind to payment in money under Scottish agricultural tenancy agreements. This price was typically set below market rates to protect tenants from excessive charges.
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## Source Chapter
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Book I, Chapter 11
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## Context
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Smith discusses conversion prices as an example of how agricultural rents were historically structured and how they affected the relationship between landlords and tenants in Scotland.
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## Economic Domain
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Distribution
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---
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