markitect-main/examples/infospace-with-history/output/entities/economic-system-performance-indicator.md

Economic System Performance Indicator

Definition

The specific measures and metrics used to assess the effectiveness and success of economic arrangements, including the indicators that show whether political economy's objectives of providing subsistence for the people and generating revenue for public services are being achieved.

Source Chapter

Book IV, Chapter 0

Context

Smith's framework for understanding political economy implies the importance of performance indicators in economic arrangements and their role in evaluating system effectiveness.

Economic Domain

General Theory

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