858 B
858 B
Revenue or Subsistence for the People
Definition
The economic provision that enables individuals to maintain themselves and their families through adequate income or resources. This represents the primary objective of political economy, focusing on empowering people to secure their own means of living rather than depending on external provision.
Source Chapter
Book IV, Chapter 0
Context
Smith establishes this as the first and most fundamental objective of political economy, emphasizing that the proper approach is to enable people to provide for themselves rather than directly supplying their needs. This reflects his broader philosophy of individual economic autonomy.
Economic Domain
Distribution