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

Colony Economic System Principles

Definition

The fundamental economic theories and concepts that underlie colonial economic arrangements, which Smith argues should be based on natural liberty and free trade rather than mercantilist restrictions.

Source Chapter

Book V, Chapter 3

Context

Smith advocates for colonial economic systems based on principles of natural liberty and free trade, arguing that these are more likely to promote prosperity than mercantilist restrictions.

Economic Domain

Regulation

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