670 B
670 B
Bank Economic Contribution Metrics
Definition
The various measures used to assess banking's contribution to economic development, including capital allocation efficiency, transaction cost reduction, and financial innovation impact. These metrics help evaluate banking's economic role.
Source Chapter
Book II, Chapter 2
Context
Smith examines various metrics for assessing banking's economic contribution, showing how these measures can help evaluate banking's role in economic development.
Economic Domain
Accumulation