22 lines
764 B
Markdown
22 lines
764 B
Markdown
|
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-4-chapter-03 -->
|
||
|
|
|
||
|
|
# Domestic Market Monopoly
|
||
|
|
|
||
|
|
## Definition
|
||
|
|
|
||
|
|
The exclusive control over a nation's internal market achieved by domestic merchants and manufacturers through government-imposed trade restrictions, tariffs, and prohibitions that prevent foreign competition and allow domestic producers to charge higher prices.
|
||
|
|
|
||
|
|
## Source Chapter
|
||
|
|
|
||
|
|
Book IV, Chapter 3
|
||
|
|
|
||
|
|
## Context
|
||
|
|
|
||
|
|
Smith identifies this as the primary interest served by mercantilist policies, explaining how merchants and manufacturers use national prejudice to secure monopolies that benefit them at the expense of consumers and overall economic efficiency.
|
||
|
|
|
||
|
|
## Economic Domain
|
||
|
|
|
||
|
|
Regulation
|
||
|
|
|
||
|
|
---
|