12. All labour which is not directly productive of wealth. The terms productive and unproductive are always used by political economists in a restricted and technical sense exclusively applicable to the direct production or non-production of wealth.
INDUSTRY.
13. The exertion of the human faculties and powers to accomplish some desirable end. No very marked line is drawn in common language, or by political economists, between industry and labour; but the term industry generally implies more superintendence and less bodily exertion than labour.
STOCK.
14. Accumulated wealth, either reserved by the consumer for his consumption, or kept, or employed with a view to profit.
CAPITAL.
15. That portion of the stock of a country which is kept or employed with a view to profit in the production and distribution of wealth.
FIXED CAPITAL.
16. That portion of stock employed with a view to profit which yields such profit while it remains in the possession of the owner.