20 lines
608 B
Markdown
20 lines
608 B
Markdown
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-1-chapter-05 -->
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# Market Regulation of Prices
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## Definition
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The natural process by which market forces determine prices through supply and demand, which Smith argues is more effective than official regulation in establishing accurate values.
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## Source Chapter
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Book I, Chapter 5
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## Context
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Smith discusses how market forces naturally regulate prices through the process of negotiation and exchange, arguing that this is more effective than official price controls.
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## Economic Domain
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Exchange
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