<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-2-chapter-01 -->

# Circulating Capital

## Definition

Capital employed in purchasing goods for resale with profit, which yields no revenue while in possession and only generates profit through successive exchanges and circulation from one form to another.

## Source Chapter

Book II, Chapter 1

## Context

One of two forms of capital, exemplified by merchant stock that must be continually sold and repurchased to generate profit, distinguished from fixed capital by its requirement for circulation.

## Economic Domain

Exchange

---
