---
entity_slug: annual_surplus_of_gold_in_portugal
entity_type: Element
vsm_system: S4
type_rationale: The annual surplus of gold in Portugal is a measurable stock or quantity
  that exists as a persistent economic reality resulting from Brazil's gold production
  exceeding domestic Portuguese demand.
vsm_rationale: This surplus gold serves as a key environmental factor that Smith analyzes
  to understand how natural resource endowments shape international trade patterns
  and commercial relationships, making it part of the intelligence system that scans
  and interprets external economic conditions.
classified_at: '2026-02-23T10:43:17.667615'
---

# Classification: Annual Surplus Of Gold In Portugal

## Entity Type

Element

## VSM System

S4

## Type Rationale

The annual surplus of gold in Portugal is a measurable stock or quantity that exists as a persistent economic reality resulting from Brazil's gold production exceeding domestic Portuguese demand.

## VSM Rationale

This surplus gold serves as a key environmental factor that Smith analyzes to understand how natural resource endowments shape international trade patterns and commercial relationships, making it part of the intelligence system that scans and interprets external economic conditions.
