26 lines
613 B
Markdown
26 lines
613 B
Markdown
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-4-chapter-05 -->
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# Smuggling
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## Definition
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The illegal importation or exportation of goods to avoid customs duties or
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prohibitions, often becoming a major channel for trade when legal restrictions
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are too severe.
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## Source Chapter
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Book IV, Chapter 5
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## Context
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Smith discusses how prohibitions on gold and silver export in Spain and
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Portugal create smuggling opportunities and raise the value of precious
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metals in other countries, harming the prohibiting nations.
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## Economic Domain
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Exchange
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---
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