markitect-main/examples/infospace-with-history/output/entities/extraordinary-expense.md

Extraordinary Expense

Definition

Government expenditures beyond normal operating costs, particularly those incurred for special purposes like paying bounties or subsidies to specific industries or traders.

Source Chapter

Book IV, Chapter 5

Context

Smith argues that the extraordinary expenses of bounties represent only a small part of their total cost to society, with the larger burden coming from market distortions and capital misallocation.

Economic Domain

Distribution

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