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Subsistence Prioritization

Definition

The economic hierarchy where the production of basic necessities takes precedence over the production of conveniences and luxuries in both temporal sequence and logical necessity. This prioritization determines the natural order of economic development, with subsistence agriculture necessarily preceding manufacturing for convenience and luxury goods.

Source Chapter

Book III, Chapter 1

Context

Smith establishes this as a fundamental principle of economic development, explaining why agricultural improvement must always precede urban manufacturing and why the production of necessities forms the foundation for all subsequent economic progress.

Economic Domain

Production