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# Gross Revenue

## Definition

The total annual produce of a country's land and labour before deducting the expenses of maintaining both fixed and circulating capital. It represents the entire value of goods and services produced by a society in a given year.

## Source Chapter

Book II, Chapter 2

## Context

Smith introduces the concept of gross revenue as analogous to gross rent of a private estate, distinguishing it from neat revenue. He uses this distinction to explain how the maintenance of capital reduces the actual wealth available for consumption.

## Economic Domain

Distribution

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