A capitalist we will suppose employs a capital of the value of £20,000 and that he carries on the joint business of a farmer, and a manufacturer of necessities. We will further suppose, that £7,000 of this capital is invested in fixed capital, viz. in buildings, implements, &c. &c. and that the remaining £13,000 is employed as circulating capital in the support of labour. Let us suppose, too, that profits are 10 per cent, and consequently that the capitalist's capital is every year put into its original state of efficiency, and yields a profit of £2,000