Means Of Production Flashcards
(6 cards)
Owners of the means of production
Owners of the means of production (bourgeoisie) factory and business owners employ works on wage
What do workers do?
Workers (proletarians) sell labour
In a capitalist society
In a capitalist society, according to Marx, bourgeoisie exploit proletariat to extract maximum profit through lowest production costs which leads to class based conflict (political dimension)
Places of those who do not own the means of production
Places of those who do not own the means of production but who are still wealthy and powerful- business manager, politicians
Middle class professionals
Those who are not necessarily bourgeoisies or proletariat - middle class professionals
Market position
Ones market position can be improved through skills and prestige allowing for class mobility