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# Colony Economic System Outcomes

## Definition

The actual results and consequences of colonial economic arrangements, which
Smith argues have often fallen short of their intended goals due to the
fundamental flaws in mercantilist economic thinking.

## Source Chapter

Book V, Chapter 3

## Context

Smith evaluates the outcomes of various colonial economic systems, concluding
that many have been disappointing or even harmful due to their basis in
outdated economic theories.

## Economic Domain

Regulation

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