667 B
667 B
Colony Economic System Objectives
Definition
The goals and purposes that guide colonial economic policy, which Smith argues are often misaligned with the actual interests of both colonies and the mother country due to mercantilist misconceptions.
Source Chapter
Book V, Chapter 3
Context
Smith critiques the objectives of colonial economic systems, arguing that they are often based on mercantilist principles that do not serve the true interests of either colonies or the mother country.
Economic Domain
Regulation