622 B
622 B
Dwelling House Distinction
Definition
The economic difference between houses used as capital (rented for revenue) and those used for immediate consumption (owner-occupied, providing no revenue to the public).
Source Chapter
Book II, Chapter 1
Context
Clarifies how the same physical asset can function differently in the economy depending on its use, distinguishing between capital that generates revenue and consumption goods that do not.
Economic Domain
General Theory