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# Three-Way Employment of Stock

## Definition

The three possible uses of capital: for immediate consumption, as fixed capital, or as circulating capital, representing all possible ways stock can be employed to generate present enjoyment or future profit.

## Source Chapter

Book II, Chapter 1

## Context

Concludes the chapter by summarizing the fundamental choices available for employing stock, establishing the framework for understanding all economic activity in terms of these three categories.

## Economic Domain

General Theory

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