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“Capital is a result of labor, and is used by labor to assist it in further production. Labor is the active and initial force, and labor is therefore the employer of capital.”
 
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Tags: Active | Assist | Capital | Employer | Force | Further | Initial | Labor | Production | Result | Therefore | Used
 
Author details
 
 
Nationality:   American
 
Date of Birth:   Sep 2, 1839
 
Date of Death:   Oct 29,  1897
 
Profession:   Economist
 
 
 
 
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