markitect-main/examples/infospace-with-history/output/entities/revenue-constituting-profit-and-rent.md

Revenue Constituting Profit and Rent

Definition

That portion of annual produce which forms revenue either as profit of stock or rent of land. This revenue may maintain either productive or unproductive hands indifferently, unlike capital replacement revenue which maintains only productive labour. It represents the surplus after capital renewal.

Source Chapter

Book II, Chapter 3

Context

The second major division of annual produce, distinguished from capital replacement revenue. Smith notes that owners of this revenue often show predilection for maintaining unproductive hands, affecting the overall productive capacity of society.

Economic Domain

Distribution

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