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# Economic System Best Practices

## Definition

The principles and policies that have been demonstrated to promote economic efficiency and growth, including free trade, sound monetary policy, and limited government intervention. Smith advocates for these practices based on their proven effectiveness.

## Source Chapter

Book IV, Chapter 6

## Context

Smith presents his analysis of effective economic policies, arguing for the adoption of practices that have been demonstrated to promote economic efficiency and growth.

## Economic Domain

General Theory

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