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@@ -7,6 +7,28 @@
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<!-- chunk:
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id: CORPUS-0001::whole::principle
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source_file: CORPUS-0001-trade-requires-two-locations.md
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repository_path: docs/training/corpus/Layer_0--Primitive_Facts/CORPUS-0001-trade-requires-two-locations.md
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domain: commerce
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layer: Layer_0--Primitive_Facts
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document_id: CORPUS-0001
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document_title: Trade Requires Two Locations
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section_heading: whole document
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chunk_role: principle
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concept_tags:
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- local_price
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- origin_destination
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- movement_cost
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- information_delay
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- arbitrage
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knowledge_state:
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- actor_visible
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- inferred
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actors: []
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-->
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## 0. Principle
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## 0. Principle
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Trade begins when the same good has different value in different places.
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Trade begins when the same good has different value in different places.
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@@ -100,3 +122,5 @@ Only then can profit be understood.
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## 6. Success Condition
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## 6. Success Condition
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If the model stops treating price as universal and starts treating price as local, this file is functioning correctly.
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If the model stops treating price as universal and starts treating price as local, this file is functioning correctly.
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<!-- /chunk -->
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