669 B
669 B
Three-Way Employment of Stock
Definition
The three possible uses of capital: for immediate consumption, as fixed capital, or as circulating capital, representing all possible ways stock can be employed to generate present enjoyment or future profit.
Source Chapter
Book II, Chapter 1
Context
Concludes the chapter by summarizing the fundamental choices available for employing stock, establishing the framework for understanding all economic activity in terms of these three categories.
Economic Domain
General Theory