markitect-main/examples/infospace-with-history/output/entities/colony-economic-system-relationship.md

Colony Economic System Relationship

Definition

The nature of the economic connection between colonies and the mother country, which Smith argues should be based on mutual benefit and free trade rather than monopolistic control and restrictive regulations.

Source Chapter

Book V, Chapter 3

Context

Smith examines the relationship between colonial and metropolitan economies, advocating for a more cooperative and mutually beneficial arrangement based on free trade principles.

Economic Domain

Exchange

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