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# Economic System Evaluation Criteria

## Definition

The standards and measures used to assess the effectiveness and appropriateness of economic arrangements, including their ability to achieve political economy's objectives of providing subsistence for the people and generating revenue for public services.

## Source Chapter

Book IV, Chapter 0

## Context

Smith's framework for understanding political economy implies the need for evaluation criteria to assess different systems and their relative merits in achieving stated objectives.

## Economic Domain

General Theory

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