803 B
803 B
Revenue for Public Services
Definition
The financial resources collected by the state or commonwealth to fund governmental operations and public expenditures. This represents one of the two primary objectives of political economy, alongside enabling the people to provide for their own subsistence.
Source Chapter
Book IV, Chapter 0
Context
Smith identifies revenue for public services as the second major objective of political economy, complementing the goal of enabling people to provide their own subsistence. This establishes the dual nature of political economy as serving both private and public economic interests.
Economic Domain
Regulation