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
