721 B
721 B
Agricultural Stock
Definition
The capital invested in farming operations, including livestock, implements, seeds, and other materials necessary for cultivation. This stock must be maintained and renewed to ensure continued agricultural production.
Source Chapter
Book I, Chapter 11
Context
Smith discusses how the maintenance and improvement of agricultural stock is essential for continued productivity and how the returns from farming must be sufficient to maintain this stock while providing profits to the farmer and rent to the landlord.
Economic Domain
Production