518 B
518 B
Mutual Good Offices
Definition
The reciprocal benefits and services that individuals provide to one another through economic exchange, which Smith argues constitute the greater part of what people need from one another in civilised society.
Source Chapter
Book I, Chapter 2
Context
Smith describes how mutual good offices are obtained through treaty, barter, and purchase, establishing exchange as the primary mechanism for meeting human needs in complex societies.
Economic Domain
Exchange