Capital is wealth invested in business, finance will be the machinery by which this procedure of investment is implemented, and international finance will be the machinery by which the wealth of one country is invested in another.
Let us contemplate the case of a physician in a provincial town who is making an annual income of about 800 a year, living on 600 of it and keeping 200.
As an alternative to spending this quarter of his revenue on immediate enjoyments, including wine and cigars,
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