730 B
730 B
Stock
Definition
The accumulated wealth of an individual or society that can be employed to generate revenue, distinguished from immediate consumption goods and divided into capital (which yields profit) and revenue (which supports consumption).
Source Chapter
Book II, Chapter 1
Context
The foundational concept introduced at the beginning of Book II, establishing the distinction between stock that produces revenue and stock consumed for immediate subsistence, forming the basis for Smith's analysis of capital accumulation and economic growth.
Economic Domain
General Theory