718 B
718 B
Sovereign Revenue Sources
Definition
The distinct funds or mechanisms through which a sovereign or commonwealth may generate income independently of the general population, including stock, land, and commercial enterprises that can be directly managed by the state.
Source Chapter
Book V, Chapter 2
Context
Smith categorizes these as the first type of public revenue, distinguishing them from taxes that must be drawn from the people. He examines various sovereign revenue sources including public banks, post offices, and crown lands.
Economic Domain
General Theory