Stumbled upon some words that I couldn't translate from the passage below:
"The ancient policy of Europe was, over and above all this, unfavourable to the improvement and cultivation of land, whether carried on by the proprietor or by the farmer; first, by the general prohibition of the exportation of corn, without a special licence, which seems to have been a very universal regulation; and, secondly, by the restraints which were laid upon the inland commerce, not only of corn, but of almost every other part of the produce of the farm, by the absurd laws against engrossers, regraters, and forestallers, and by the privileges of fairs and markets." - Adam Smith, The Wealth of Nations.
"Engrosser" - one who takes the whole; a purchaser of such quantities in a market as to raise the price; a forestaller.
"Forestaller" - A person who forestalls, especially one who buys goods before they can be sold on the open market in anticipation of rising prices.
"Regrater" - 1: one that regrates supplies or necessities; b: a middleman who travels about the country buying up farm produce for market; 2: one that gets profits or credits due another esp. by irregular means
"The ancient policy of Europe was, over and above all this, unfavourable to the improvement and cultivation of land, whether carried on by the proprietor or by the farmer; first, by the general prohibition of the exportation of corn, without a special licence, which seems to have been a very universal regulation; and, secondly, by the restraints which were laid upon the inland commerce, not only of corn, but of almost every other part of the produce of the farm, by the absurd laws against engrossers, regraters, and forestallers, and by the privileges of fairs and markets." - Adam Smith, The Wealth of Nations.
"Engrosser" - one who takes the whole; a purchaser of such quantities in a market as to raise the price; a forestaller.
"Forestaller" - A person who forestalls, especially one who buys goods before they can be sold on the open market in anticipation of rising prices.
"Regrater" - 1: one that regrates supplies or necessities; b: a middleman who travels about the country buying up farm produce for market; 2: one that gets profits or credits due another esp. by irregular means
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