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In political philosophy, the means of production refers to the generally necessary assets and resources that enable a society to engage in production. [1] While the exact resources encompassed in the term may vary, it is widely agreed to include the classical factors of production (land, labour, and capital) as well as the general infrastructure and capital goods necessary to reproduce stable ...
In the Marxist theory of historical materialism, a mode of production (German: Produktionsweise, "the way of producing") is a specific combination of the: . Productive forces: these include human labour power and means of production (tools, machinery, factory buildings, infrastructure, technical knowledge, raw materials, plants, animals, exploitable land).
Productive forces, productive powers, or forces of production (German: Produktivkräfte) is a central idea in Marxism and historical materialism.. In Karl Marx and Friedrich Engels' own critique of political economy, it refers to the combination of the means of labor (tools, machinery, land, infrastructure, and so on) with human labour power.
The term means simply that each worker in a socialist society receives compensation and benefits according to the quantity and value of the labor that they contributed. This translates into workers of great productivity receiving more wages and benefits than workers of average productivity, and substantially more than workers of lesser ...
Labour power (German: Arbeitskraft; French: force de travail) is the capacity to do work, a key concept used by Karl Marx in his critique of capitalist political economy. Marx distinguished between the capacity to do work, i.e. labour power, and the physical act of working, i.e. labour. [ 1 ]
Mode of production: the mode of production is a specific combination of productive forces (including human the means of production and labour power, tools, equipment, buildings and technologies, materials and improved land) and social and technical relations of production (including the property, power and control relations governing society's ...
The bulk of capital assets in developed capitalist countries are not physical means of production used by private enterprise to create new commodities; they are financial assets, real estate and other types of property not used for production. This means that human labour is no longer regarded as the mainspring of wealth-creation, and it raises ...
The means of labor and the subject of labor comprise the means of production of society. [full citation needed] [page needed] In some formulations, the means of labor and human labor (including the activity itself as well as the laborer's skills and knowledge used in production) comprise the productive forces of society (e.g., Sheptulin, 1978).