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Factors of production = means of production
I see it like this, the economy converts factor of production (non-money things) into money. And then this money is reinvested into factors of production
Factors of production(non-money) is converted to money
Factors of production in my definiton are:
raw materials
labor
technology
(the human brain) can also argued as a factor of production
Notice I did not say capital is a factor of production, because factors of production are first converted into capital (non-money) which is then sold for money
when non money things are converted into capital, their value rises.
Wiki User
∙ 13y ago
Karl Marx used the term 'means of production' to refer to the physical and non-human resources used to produce goods and services, such as land, factories, and machinery. In Marx's theory of capitalism, ownership of the means of production by the capitalist class leads to exploitation of the working class. He argued for collective ownership of the means of production as a way to achieve a more equitable society.
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What did Karl marx call owners of the mean of production?
The 'bourgeoisie' are the owners and controllers of the means of production according to Karl Marx.
What did the the terms of basic and circulating resources mean to Marx?
For Karl Marx, the means of labor are considered basic resources and the objects of labor are considered circulating resources.
What is the new economic and social system by Karl max?
communism did you mean karl marx
Who did Karl become friends with while living in Paris?
I suspect you mean Karl Marx. His friend was Friedrich Engels.
Who was Karl marks?
First - Name is spelled wrong. It's Karl Marx In a nutshell, founder of Soviet style Communism. Also known as Marxist/Leninism
What is mean by modification?
The term of "modification" means to alter something, a plan, a military strategy, the composition of even a met loaf. The key here is that modification does not mean a massive change of any kind. It is a term used to alter the basic composition of any of the above mentioned examples. One additional example of this lies in political theory. Karl Marx expected to see a violent revolution to have the means of a nation's production be run by the state. This violent revolution was modified by democratic socialists who modified "out" the revolution of Marx, and replaced it with a democratically change in ownership of the means of production.
What did Marx mean when he said he wanted a classless society?
Marx envisioned a classless society as one where there is no social stratification based on ownership of the means of production. He believed that in this society, all individuals would have equal access to resources and share the benefits of their collective labor without exploitation. Marx saw the abolition of class distinctions as essential for achieving a more equitable and just society.
What does marxist and engels mean?
Karl Marx and Friedrich Engels were the men who developed the political ideology known as Communism. There is no meaning to the phrase "marxist and engels." The words are incompatible with one another, because the word "marxist" is the type of person who espouses the philosophies of Karl Marx whereas the word "engels" is the name of the person who collaborated with Karl Marx in developing the historical and economic theories of communism.
What did Karl max believe?
Karl Marx believed in the idea of communism, where the working class would rise up against the capitalist system to create a classless society where resources are shared equally among all individuals. Marx also emphasized the importance of understanding the economic relations and class struggles in society.
What was the proletariat according to Karl Marx?
The proletariat is a class of common workers who have no ownership or control of the means of production of the society. They own nothing but the right to sell their own labor. The proletariat is not necessarily synonymous with "the lower class," since "lower class" can mean any kind of poverty stricken class of people. And they every single day regardless of their job and country they are exploited.
What does C'est l'opium du peuple mean?
"That's the People's opium". If you are referring to the Karl Marx quote, it is usually translated as "It's the opiate of the masses."
What did Karl Marx mean when he said According to Marx government would fade away as all humanity came to support workers power?
Karl Marx believed that under communism, where workers held power collectively rather than being governed by a separate entity, the need for a centralized government would diminish and eventually disappear as society became truly classless and stateless. This idea is tied to his vision of a society where working classes would no longer be exploited and oppressed, leading to a harmonious and egalitarian society.
