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Page 716 of 2651

Author: Adam Smith

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But when he possesses stock sufficient to maintain him for months
or years, he naturally endeavours to derive a revenue from the
greater part of it, reserving only so much for his immediate
consumption as may maintain him till this revenue begins to come
in. His whole stock, therefore, is distinguished into two parts.
That part which he expects is to afford him this revenue is
called his capital. The other is that which supplies his
immediate consumption, and which consists either, first, in that
portion of his whole stock which was originally reserved for this
purpose; or, secondly, in his revenue, from whatever source
derived, as it gradually comes in; or, thirdly, in such things as
had been purchased by either of these in former years, and which
are not yet entirely consumed, such as a stock of clothes,
household furniture, and the like. In one or other, or all of
these three articles, consists the stock which men commonly
reserve for their own immediate consumption.

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