Word info

means of production

Noun

Meaning

means of production (plural means of production)

(economics, Marxism) The combination of the means of labor, such as machines, tools, and equipment, and the subject of labor used by workers to make products.

Source: en.wiktionary.org

Examples

By bourgeoisie is meant the class of modern capitalists, owners of the means of social production and employers of wage labor. By proletariat, the class of modern wage laborers who, having no means of production of their own, are reduced to selling their labor power in order to live. Friedrich Engels

Spending by government currently amounts to about 45 percent of national income. By that test, government owns 45 percent of the means of production that produce the national income. The U. S. is now 45 percent socialist. Milton Friedman

The repossession by women of our bodies will bring far more essential change to human society than the seizing of the means of production by workers. Adrienne Rich

We believe in loving our brothers regardless of race, color or creed and we believe in showing this love by working for better conditions immediately and the ultimate owning by the workers of their means of production. Dorothy Day

Marx compellingly proved it in Capital Volume Two, that no production is possible which does not allow for the reproduction of the material conditions of productions: the reproduction of the means of production. Louis Althusser

Modern monopolist capitalism on a world-wide scale - imperialist wars are absolutely inevitable under such an economic system, as long as private property in the means of production exists. Vladimir Lenin

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