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Need help with Book 2, Chapter 2 in Adam Smith's The Wealth of Nations? Check out our revolutionary side-by-side summary and analysis.
Need help with Book 2, Chapter 1 in Adam Smith's The Wealth of Nations? Check out our revolutionary side-by-side summary and analysis.
In the much shorter Book II, he explores capital stock, which is the foundation of nations’ wealth. Without investing capital upfront, it’s impossible to hire workers, buy materials, produce goods, and engage in commerce.
In Book II of the Wealth of Nations, Smith begins to describe how the surpluses created by the division of labor begin to build off capital, and how that accumulation of capital reinforces the system, expanding the division of labor and supporting technological advances and specialization.
Book 2, Introduction Summary. Book 2 addresses stock. Smith uses the term “stock” in reference to assets used either for consumption or from which to earn a profit. Smith explains that the amount of industry, and consequently wealth generated by a nation, increases with the amount of stock employed by that nation in commerce.
Free summary and analysis of Book II, Chapter 2 in Adam Smith's The Wealth of Nations that won't make you snore. We promise.
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This study guide and infographic for Adam Smith's The Wealth of Nations offer summary and analysis on themes, symbols, and other literary devices found in the text. Explore Course Hero's library of literature materials, including documents and Q&A pairs.
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