22 lines
723 B
Markdown
22 lines
723 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-4-chapter-03 -->
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# Direct Foreign Trade of Consumption
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## Definition
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A trade pattern where a country directly exchanges its own products for the products it desires from another country, without intermediate transactions through third parties or the use of precious metals as intermediaries.
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## Source Chapter
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Book IV, Chapter 3
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## Context
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Smith presents this as the most advantageous form of trade, arguing that England would benefit more from directly exchanging its hardware and cloth for French wines than through round-about routes involving tobacco or precious metals.
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## Economic Domain
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Exchange
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---
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