715 B
715 B
Economic System Knowledge Transfer
Definition
The communication and dissemination of understanding about economic arrangements from one context to another, including the ways in which successful practices, principles, and experiences are shared and adopted by different societies and contexts.
Source Chapter
Book IV, Chapter 0
Context
Smith's discussion of different systems and their development implies the importance of knowledge transfer in economic arrangements and its role in advancing economic understanding and practice.
Economic Domain
General Theory