22 lines
688 B
Markdown
22 lines
688 B
Markdown
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-1-chapter-11 -->
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# Agricultural Price Floors
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## Definition
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Minimum prices set by government for agricultural products, typically above market equilibrium levels, intended to support producer incomes. Agricultural price floors can lead to surpluses and market inefficiencies.
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## Source Chapter
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Book I, Chapter 11
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## Context
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Smith discusses various forms of agricultural price support, including the bounty on grain exports, arguing that such interventions often create more problems than they solve and reduce overall economic efficiency.
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## Economic Domain
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Regulation
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---
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