T. Ovcharenko, PhD, Associate Professor Taras Shevchenko National University of Kyiv, Kyiv FEATURES OF INVESTMENT PROCESS UNDERSTANDING BY A. SMITH AS THE FOUNDER OF CLASSICAL THEORY

The paper examines the essence and the nature of the concept of “investment”. The main conceptual elements of a scientific theory of Adam Smith are defined. The features of the investment process by Adam Smith as the driving mechanism for social and economic development of a society are revealed.

Keywords: capital, competition, investment, investment process.

DOI: http://dx.doi.org/10.17721/1728-2667.2013/145-4/17

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