capital accumulation

capital accumulation
Within Marxism, this is the central dynamic of capitalist development and refers to the process whereby capital is expanded through the production, appropriation, and realization of surplus value. It cannot be understood apart from capitalist relations of production. In conventional economics, it is also an important component of economic growth, but refers to a country's net investment in fixed assets: that is, equipment, machinery, inventories, buildings, social overhead capital, and overseas assets.

[The entire page is 97 words long]

Join eNotes

The above is a free excerpt. Get total access to this content with the:

eNotes Pass