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# Victuals

## Definition

Food and provisions, particularly in the context of payment in kind where revenues were originally collected as actual goods rather than money, as was the case with the ancient Saxon kings of England.

## Source Chapter

Book I, Chapter 4

## Context

Smith notes that the revenues of ancient Saxon kings were paid in kind (victuals and provisions) rather than money, illustrating the historical transition from barter and payment in goods to monetary systems.

## Economic Domain

Exchange

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