Quote by Alfred Marshall

Capital is that part of wealth which is devoted to obtaining further wealth.

Capital is that part of wealth which is devoted to obtaining

Summary

This quote, attributed to economist John Stuart Mill, defines capital as the portion of wealth that is used to generate additional wealth. It emphasizes the purposeful allocation of resources towards productive ventures or investments rather than immediate consumption. In this context, capital serves as a means to earn future income and increase one's wealth over time. Thus, the quote highlights the role of capital as a vital component for economic growth, as individuals and businesses utilize their wealth strategically to create more opportunities for wealth accumulation.

Topics

Finance

By Alfred Marshall

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