<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-3-chapter-01 -->

# Capital Security Visibility

# Definition

The advantage of land investment where capital is more directly under the owner's view and command compared to manufacturing or foreign trade. This visibility reduces exposure to accidents and injustices, making land improvement the most secure form of capital employment and explaining the natural preference for agricultural investment.

## Source Chapter

Book III, Chapter 1

## Context

Smith identifies this visibility advantage as a key factor in the security gradient that influences capital allocation decisions, demonstrating how control and oversight capabilities shape investment preferences and economic development patterns.

## Economic Domain

Accumulation

---
