753 B
753 B
State or Commonwealth Revenue
Definition
The financial resources generated for governmental purposes through various means including taxation, trade duties, and other public revenue mechanisms. This revenue serves the public services and administrative functions of the state.
Source Chapter
Book IV, Chapter 0
Context
Smith discusses the importance of generating sufficient revenue for the state as one of the two fundamental objectives of political economy. This establishes the relationship between economic systems and their capacity to support governmental functions.
Economic Domain
Regulation