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Klawiatura

Strona 747 z 2651

Autor: Adam Smith

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But though the whole expense of maintaining the fixed capital is
thus necessarily excluded from the neat revenue of the society,
it is not the same case with that of maintaining the circulating
capital. Of the four parts of which this latter capital is
composed, money, provisions, materials, and finished work, the
three last, it has already been observed, are regularly withdrawn
from it, and placed either in the fixed capital of the society,
or in their stock reserved for immediate consumption. Whatever
portion of those consumable goods is not employed in maintaining
the former, goes all to the latter, and makes a part of the neat
revenue of the society. The maintenance of those three parts of
the circulating capital, therefore, withdraws no portion of the
annual produce from the neat revenue of the society, besides what
is necessary for maintaining the fixed capital.

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