22 lines
896 B
Markdown
22 lines
896 B
Markdown
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-4-chapter-06 -->
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# Annual Surplus of Gold in Portugal
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## Definition
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The excess gold produced in Portuguese Brazil that exceeds domestic demand for coin and plate, creating a situation where surplus gold must be exported to find more advantageous markets. This surplus forms the economic basis for the England-Portugal commercial relationship.
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## Source Chapter
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Book IV, Chapter 6
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## Context
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Smith uses Portugal's gold surplus as a case study to demonstrate how natural resource endowments shape international trade patterns. The surplus gold from Brazil creates a situation where Portugal must export gold regardless of trade restrictions, making the England-Portugal treaty's preferential terms less significant than mercantilist theory suggests.
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## Economic Domain
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Exchange
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---
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