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# Colonial Economic Policy Alternatives

## Definition

Different approaches to managing colonial economic relationships, ranging from complete monopoly control to varying degrees of economic freedom and market access. These alternatives represent different balances between control and autonomy in colonial administration.

## Source Chapter

Book IV, Chapter 7

## Context

Smith presents various policy alternatives to demonstrate that complete monopoly is not the only approach to colonial management. He argues that more moderate policies allowing greater economic freedom could achieve better outcomes for both colonies and the mother country.

## Economic Domain

Regulation

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