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capital accumulation

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deferred gratification

deferred gratification  

A reward or reinforcement that is postponed or delayed, such as the profit that accrues from a long-term investment. [From Latin deferre to carry off, from de- from + ferre to carry]
petty commodity production

petty commodity production  

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A Marxist concept which refers to a form of production in which: the producer has ownership or de facto possession of the means of production; the goods or services produced are commodities (that is, ...
Physiocrats

Physiocrats  

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Group of eighteenth‐century French economists who believed that the land is the ultimate source of all wealth, and also in free trade in grain. The latter belief, but not the former, influenced Adam ...

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