# Crown Lands Revenue ## Definition The income derived by a sovereign from the rent and produce of lands owned directly by the state, which historically constituted a major portion of royal revenue in many European monarchies. ## Source Chapter Book V, Chapter 2 ## Context Smith examines how rent from crown lands has been a principal source of public revenue for many nations, particularly in ancient times, and discusses how the management of such lands affects their productivity and the revenue they generate. ## Economic Domain General Theory ---