20 lines
745 B
Markdown
20 lines
745 B
Markdown
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# Transportation Mode Economic Effects
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## Definition
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The different economic outcomes that result from various modes of transportation, particularly the contrast between water-carriage and land-carriage in terms of market extent, specialisation possibilities, and development patterns. Transportation mode economic effects explain why some regions develop differently than others.
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## Source Chapter
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Book I, Chapter 3
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## Context
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Smith's detailed comparison of water-carriage (enabling extensive markets and full specialisation) versus land-carriage (limiting trade to high-value goods and preventing full division of labour) demonstrates the significant economic effects of different transportation modes.
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## Economic Domain
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Exchange
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