723 B
723 B
Economic System Relationship
Definition
The connections and interactions between different economic arrangements, including their historical development, mutual influences, and the ways in which different systems relate to each other and to broader social, political, and cultural contexts.
Source Chapter
Book IV, Chapter 0
Context
Smith's distinction between different systems and their development in different contexts implies the importance of understanding the relationships between economic arrangements and their broader contexts.
Economic Domain
General Theory