---
entity_slug: ordinary_rates_of_wages_profit_and_rent
evaluator: null
evaluated_at: '2026-02-23T06:03:28.941828'
overall_score: 4.2
scores:
- name: definition_precision
  value: 4.0
  max_value: 5.0
  rationale: The definition clearly distinguishes ordinary rates as average/typical
    rates that are "naturally regulated" by both general societal conditions and employment-specific
    factors. This captures a distinct concept that serves as the foundation for natural
    price determination, though it could be slightly more precise about what constitutes
    "regulation."
- name: source_grounding
  value: 5.0
  max_value: 5.0
  rationale: This entity is directly grounded in Book I, Chapter 7, where Smith explicitly
    discusses how ordinary rates of wages, profit, and rent form the components of
    natural price. The concept of these rates being regulated by general circumstances
    and particular employment conditions is central to Smith's argument in this chapter.
- name: domain_placement
  value: 5.0
  max_value: 5.0
  rationale: The placement in "Distribution" is correct, as this entity deals with
    how the three forms of revenue (wages, profit, rent) are distributed among the
    three classes of society. This is precisely what Smith's theory of distribution
    addresses.
- name: vsm_relevance
  value: 3.0
  max_value: 5.0
  rationale: This entity has moderate VSM relevance, potentially mapping to S2 (coordination)
    as it represents the coordinating mechanism that establishes baseline rates across
    the economy. However, it's somewhat abstract and could also relate to S3 (internal
    regulation) as a regulatory standard for the economic system.
- name: explanatory_value
  value: 4.0
  max_value: 5.0
  rationale: This entity provides significant explanatory value by identifying the
    mechanism through which natural prices are determined - they emerge from the ordinary
    rates of the three revenue forms. It illuminates how market coordination occurs
    through these established baseline rates rather than merely naming a surface phenomenon.
---

# Evaluation: Ordinary Rates Of Wages Profit And Rent

## definition_precision — 4.0 / 5.0

The definition clearly distinguishes ordinary rates as average/typical rates that are "naturally regulated" by both general societal conditions and employment-specific factors. This captures a distinct concept that serves as the foundation for natural price determination, though it could be slightly more precise about what constitutes "regulation."

## source_grounding — 5.0 / 5.0

This entity is directly grounded in Book I, Chapter 7, where Smith explicitly discusses how ordinary rates of wages, profit, and rent form the components of natural price. The concept of these rates being regulated by general circumstances and particular employment conditions is central to Smith's argument in this chapter.

## domain_placement — 5.0 / 5.0

The placement in "Distribution" is correct, as this entity deals with how the three forms of revenue (wages, profit, rent) are distributed among the three classes of society. This is precisely what Smith's theory of distribution addresses.

## vsm_relevance — 3.0 / 5.0

This entity has moderate VSM relevance, potentially mapping to S2 (coordination) as it represents the coordinating mechanism that establishes baseline rates across the economy. However, it's somewhat abstract and could also relate to S3 (internal regulation) as a regulatory standard for the economic system.

## explanatory_value — 4.0 / 5.0

This entity provides significant explanatory value by identifying the mechanism through which natural prices are determined - they emerge from the ordinary rates of the three revenue forms. It illuminates how market coordination occurs through these established baseline rates rather than merely naming a surface phenomenon.
