681 B
681 B
Post-Office Revenue
Definition
The income generated by a sovereign through the operation of a postal system, derived from fees charged for carrying letters and parcels, which can provide both public service and profit to the state.
Source Chapter
Book V, Chapter 2
Context
Smith identifies the post-office as a mercantile project that has been successfully managed by various governments, noting its advantages of requiring moderate capital, having certain returns, and providing immediate payment.
Economic Domain
General Theory