---
entity_slug: home_market
evaluator: null
evaluated_at: '2026-02-23T05:34:54.453007'
overall_score: 4.2
scores:
- name: definition_precision
  value: 4.0
  max_value: 5.0
  rationale: The definition clearly distinguishes the home market from foreign markets
    and specifies it as the domestic sphere of exchange among a country's inhabitants.
    It's precise and non-circular, though it could be slightly more detailed about
    what constitutes "domestic" in Smith's context.
- name: source_grounding
  value: 5.0
  max_value: 5.0
  rationale: This concept is thoroughly grounded in Book IV, Chapter 5 of The Wealth
    of Nations, where Smith extensively discusses the primacy of the home market and
    argues against policies that artificially favor foreign trade over domestic commerce.
    The emphasis on agricultural products and policy priorities directly reflects
    Smith's arguments.
- name: domain_placement
  value: 5.0
  max_value: 5.0
  rationale: Placement in the "Exchange" domain is entirely appropriate, as the home
    market is fundamentally about the mechanisms and spaces where domestic exchange
    occurs. This is a core concept in understanding how exchange systems operate within
    national boundaries.
- name: vsm_relevance
  value: 3.0
  max_value: 5.0
  rationale: The home market has some relevance to VSM as it represents the primary
    operational environment (S1) where economic transactions occur, but it's more
    of a structural context than a specific system function. It's neither strongly
    VSM-mappable nor completely abstract.
- name: explanatory_value
  value: 4.0
  max_value: 5.0
  rationale: This entity provides significant explanatory value by illuminating Smith's
    argument about the natural priority of domestic over foreign markets and the structural
    importance of local exchange networks. It helps explain the foundation upon which
    other market mechanisms operate.
---

# Evaluation: Home Market

## definition_precision — 4.0 / 5.0

The definition clearly distinguishes the home market from foreign markets and specifies it as the domestic sphere of exchange among a country's inhabitants. It's precise and non-circular, though it could be slightly more detailed about what constitutes "domestic" in Smith's context.

## source_grounding — 5.0 / 5.0

This concept is thoroughly grounded in Book IV, Chapter 5 of The Wealth of Nations, where Smith extensively discusses the primacy of the home market and argues against policies that artificially favor foreign trade over domestic commerce. The emphasis on agricultural products and policy priorities directly reflects Smith's arguments.

## domain_placement — 5.0 / 5.0

Placement in the "Exchange" domain is entirely appropriate, as the home market is fundamentally about the mechanisms and spaces where domestic exchange occurs. This is a core concept in understanding how exchange systems operate within national boundaries.

## vsm_relevance — 3.0 / 5.0

The home market has some relevance to VSM as it represents the primary operational environment (S1) where economic transactions occur, but it's more of a structural context than a specific system function. It's neither strongly VSM-mappable nor completely abstract.

## explanatory_value — 4.0 / 5.0

This entity provides significant explanatory value by illuminating Smith's argument about the natural priority of domestic over foreign markets and the structural importance of local exchange networks. It helps explain the foundation upon which other market mechanisms operate.
