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# Economic System Principles

## Definition

The fundamental concepts, rules, and theoretical foundations that underlie different economic arrangements and guide their operation and development. These principles provide the intellectual framework for understanding and implementing economic systems.

## Source Chapter

Book IV, Chapter 0

## Context

Smith's approach to explaining different systems implies the existence of underlying principles that govern their operation and distinguish them from one another, establishing the theoretical foundation for economic analysis.

## Economic Domain

General Theory

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