721 B
721 B
Colony Economic System Sustainability
Definition
The capacity of colonial economic arrangements to maintain long-term prosperity without depleting resources or creating conditions that undermine future growth, including environmental, social, and economic sustainability.
Source Chapter
Book V, Chapter 3
Context
Smith considers the sustainability of various colonial economic systems, arguing that those based on free trade and natural development are more likely to be sustainable than those based on extractive or monopolistic practices.
Economic Domain
Accumulation