cap’=capcap/n>cap，inwhichcap’isthenominalcapital，asincreasedbythecreditelementcap/n。
mat’=mat1/ncap/n>mat，inwhichmat’isthecurrentvalueofthematerialequipment，asincreasedovermatbythecompetitivedemandforequipmentduetothecreditelementcap/n。
Oneofthesubstantialsecondarybenefitstobenotedasflowingfromthesemodembusinessexpedientsistheeffectofcorporationfinanceupontheaggregatenominalwealthofthecommunity。A
givencommunity，possessedofagivencomplementofmaterialwealth，isricherincapitalifalargeproportionofitsindustrialequipmentiscapitalizedandmanagedbycorporationmethods，quiteapartfromanyincreaseinthematerialitemsofwhichthecommunityispossessed。Cf。TwelfthCensusoftheUnitedStates，“Manufactures，“pt。I。p。xcviWealthmayinthiswaybeincreasedabouttwofoldonanaverage，inexpensively，bythesimpleexpedientofincorporatingthecommunity’sbusinessconcernsintheformofjoint-stockcompanies。Themorehighlyinvolvedandthemorewidelyextendedthecorporationfinancieringis，thericher，instatisticaltermsofcapital，isthecommunity，otherthingsequal。Amongtheseotherthingsarethematerialfactsofthecase。
Thecommoditiesboughtandsoldinthegoodsmarketaretheoutcomeofaprocessofproductionandareusefulforamaterialpurpose；thoseboughtandsoldinthecapitalmarketaretheoutcomeofaprocessofvaluationandareusefulforpurposesofpecuniarygain。