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# Money Price of Labour

## Definition

The wage rate paid to workers expressed in monetary units, which must be
sufficient to enable labourers to purchase necessary subsistence for
themselves and their families.

## Source Chapter

Book IV, Chapter 5

## Context

Smith explains how the money price of corn regulates the money price of
labour, as wages must be sufficient to purchase the necessary quantity of
corn for subsistence.

## Economic Domain

Distribution

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