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# Ancient System of Political Economy

## Definition

The historical approach to economic organization based primarily on agricultural development and land cultivation as the foundation of national wealth. This system represents the traditional method of economic advancement before the emergence of modern commercial systems.

## Source Chapter

Book IV, Chapter 0

## Context

Smith contrasts the agricultural system with the modern commercial system, positioning it as the ancient approach to political economy. This system reflects the historical reality that agricultural development preceded commercial expansion in most societies.

## Economic Domain

Production

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