markitect-main/examples/infospace-with-history/output/entities/market-integration-potential.md

Market Integration Potential

Definition

The capacity for different markets to be connected and unified through improved transportation, political arrangements, or infrastructure development. Market integration potential determines the future possibilities for expanding market extent and enabling greater division of labour.

Source Chapter

Book I, Chapter 3

Context

Smith discusses how improvements in water-carriage and inland navigation increase market integration potential, while political control over river courses or natural barriers like frozen oceans limit this potential, affecting future economic development possibilities.

Economic Domain

Exchange

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