718 B
718 B
Neat Revenue
Definition
The portion of a society's annual produce that remains free after deducting the expense of maintaining both fixed and circulating capital. It represents the actual wealth available for consumption and enjoyment by the society's members.
Source Chapter
Book II, Chapter 2
Context
Smith defines neat revenue as what remains free to a society after maintaining its capital, analogous to neat rent in private estates. He argues that a society's real wealth is in proportion to its neat revenue, not its gross revenue.
Economic Domain
Distribution