691 B
691 B
Economic System Consequence
Definition
The outcomes and results produced by economic arrangements, including their effects on wealth, distribution, social organization, and the achievement of political economy's objectives, as well as their broader impacts on society and development.
Source Chapter
Book IV, Chapter 0
Context
Smith's analysis of different systems implies the importance of understanding their consequences and the results they produce in terms of achieving political economy's objectives.
Economic Domain
General Theory