markitect-main/examples/infospace-with-history/output/entities/advanced-state-of-society.md

Advanced State of Society

Definition

A stage of economic development characterised by accumulated stock, private property in land, and the emergence of distinct economic classes and roles. This contrasts with earlier, more primitive economic conditions.

Source Chapter

Book I, Chapter 6

Context

Used as a reference point for understanding how economic relationships become more complex. Smith contrasts this with earlier states to explain the emergence of profits and rent as distinct from wages, and how different forms of compensation develop.

Economic Domain

General Theory

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