Words    Words    Words

Capital may be used 1. procuring rude produce, 2. manufacture commodities from rude produce, 3. transporting commodities, or 4. dividing commodities into salable proportions (retail).  Each of  these is necessary for the other, and for society as a whole.
Note: Smith does love to divide things up into categories, doesn’t he?  I suspect he studied Aristotle.
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