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# Economic System Objectives

## Definition

The specific goals and purposes that economic arrangements are designed to achieve, particularly the dual objectives of providing subsistence for the people and generating revenue for public services as identified by Smith in his framework for political economy.

## Source Chapter

Book IV, Chapter 0

## Context

Smith explicitly identifies the objectives of political economy as providing revenue or subsistence for the people and supplying the state with sufficient revenue for public services, establishing the fundamental purposes that economic systems must serve.

## Economic Domain

General Theory

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