Capital
The emergence and circulation of capital represented insecurities are closely related to the functioning of the real asset market, i.e. the market where material resources are bought and sold. With the appearance of securities (stock assets), there is a sort of splitting of capital. On the one hand, there is real capital represented by production funds, on the other hand - its reflection in securities.
The appearance of this type of capital is connected with the development of the need to attract more and more credit resources due to the complexity and expansion of commercial and production activities. Thus, the stock market has historically begun to develop on the basis of loan capital, as the purchase of securities means nothing less than the transfer of a portion of the cash capital in the loan.
The key task that the securities market must perform is, first of all, to provide conditions for attracting investments to the enterprises, access to these enterprises to cheaper capital as compared to bank loans.
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