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# Revenue Constituting Profit and Rent

## Definition

That portion of annual produce which forms revenue either as profit of stock
or rent of land. This revenue may maintain either productive or unproductive
hands indifferently, unlike capital replacement revenue which maintains only
productive labour. It represents the surplus after capital renewal.

## Source Chapter

Book II, Chapter 3

## Context

The second major division of annual produce, distinguished from capital
replacement revenue. Smith notes that owners of this revenue often show
predilection for maintaining unproductive hands, affecting the overall
productive capacity of society.

## Economic Domain

Distribution

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