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# Colonial Economic Autonomy Benefits

## Definition

The advantages that colonies gain from managing their own economic affairs, including the ability to exploit natural advantages, respond to local conditions, and retain economic benefits. Greater autonomy typically promotes more rapid and sustainable development.

## Source Chapter

Book IV, Chapter 7

## Context

Smith systematically identifies the benefits of colonial economic autonomy, arguing that self-management allows colonies to develop according to their natural advantages rather than external restrictions. He contends that these benefits outweigh any supposed advantages of monopoly control.

## Economic Domain

Regulation

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