696 B
696 B
Economic System Integration
Definition
The coordination and harmonization of different economic arrangements and their components to create a coherent and effective system, including the alignment of institutions, policies, and practices to achieve unified economic objectives.
Source Chapter
Book IV, Chapter 0
Context
Smith's discussion of political economy as a unified science implies the importance of integration in economic arrangements and the need for different components to work together effectively.
Economic Domain
General Theory