623 B
623 B
Stock of the Country
Stock of the Country
Definition
The accumulated wealth of a nation that, when increasing, raises wages of labour by enabling masters to employ more workers and by increasing the demand for labour through both revenue and capital investment.
Source Chapter
Book I, Chapter 8
Context
Identified as the fundamental driver of wage increases, with its growth creating the funds necessary to maintain and employ more labour.
Economic Domain
Accumulation