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622 B

Farmer's Capital

Definition

The stock employed in agriculture, divided into fixed capital (instruments of husbandry and breeding cattle) and circulating capital (wages of servants and maintenance of labouring cattle).

Source Chapter

Book II, Chapter 1

Context

Provides a detailed example of how agricultural capital combines fixed and circulating elements, with profit derived both from keeping breeding stock and from selling fattened cattle.

Economic Domain

Production