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# Crown Lands Revenue

## Definition

The income derived by a sovereign from the rent and produce of lands owned
directly by the state, which historically constituted a major portion of
royal revenue in many European monarchies.

## Source Chapter

Book V, Chapter 2

## Context

Smith examines how rent from crown lands has been a principal source of public
revenue for many nations, particularly in ancient times, and discusses how the
management of such lands affects their productivity and the revenue they
generate.

## Economic Domain

General Theory

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