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infospace: process book-2-chapter-05

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Extract entities, map to VSM, and synthesize analysis.
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Bernd Worsch
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-2-chapter-05 -->
# Manufacturing Capital
# Manufacturing Capital
## Definition
Capital employed in transforming rude produce into manufactured goods through the application of labour, machinery, and technical processes. Manufacturing capital includes both fixed capital (machinery, tools, buildings) and circulating capital (raw materials, wages) used in production processes.
## Source Chapter
Book II, Chapter 5
## Context
Smith identifies manufacturing capital as the second most productive form of capital employment, emphasizing that it puts into motion more productive labour than trade but less than agriculture. He notes that manufacturing capital must be concentrated in specific locations where production processes can be efficiently organized.
## Economic Domain
Production
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