markitect-main/examples/infospace-with-history/output/entities/stock-of-the-farmer.md

Stock of the Farmer

Definition

The capital resources, including implements, animals, and provisions, that a farmer invests in agricultural production. This represents the farmer's investment in tools, livestock, and other means of production.

Source Chapter

Book I, Chapter 6

Context

Discussed in relation to how agricultural prices cover not only current production costs but also replace the farmer's capital. Smith explains that the price of agricultural products must compensate for the wear and tear of farming implements and the maintenance of labouring cattle.

Economic Domain

Accumulation

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