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# Economic System Mechanisms

## Definition

The specific processes, institutions, and operational procedures through which economic systems function and produce their effects, including the mechanisms of commerce, trade, production, and distribution that characterize different economic arrangements.

## Source Chapter

Book IV, Chapter 0

## Context

Smith's intention to explain both systems fully and distinctly implies the importance of understanding the specific mechanisms through which different economic arrangements operate and achieve their objectives.

## Economic Domain

General Theory

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