markitect-main/examples/infospace-with-history/output/entities/money-price-of-corn.md

Money Price of Corn

Definition

The price of grain expressed in monetary units, which serves as the fundamental regulator of prices for all other commodities in the economy.

Source Chapter

Book IV, Chapter 5

Context

Smith argues that the money price of corn determines the money prices of labor and all other goods, making it a crucial variable in understanding how bounties affect the entire price structure of the economy.

Economic Domain

Exchange

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