22 lines
938 B
Markdown
22 lines
938 B
Markdown
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-4-chapter-01 -->
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# National Capital Composition
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## Definition
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The various forms of productive resources available to a nation, including fixed capital (buildings, machinery, improvements to land) and circulating capital (stock of goods, money for circulation, provisions for workers). Smith emphasizes that money typically constitutes only a small and unprofitable portion of total national capital.
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## Source Chapter
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Book IV, Chapter 1
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## Context
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Smith argues against the mercantile focus on precious metals by showing that true national wealth consists in the totality of productive resources, of which money is only a small part. He demonstrates that productive capital in the form of tools, buildings, and materials contributes far more to national prosperity than hoarded bullion.
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## Economic Domain
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Accumulation
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---
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