Means Of Production Flashcards

1
Q

Owners of the means of production

A

Owners of the means of production (bourgeoisie) factory and business owners employ works on wage

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2
Q

What do workers do?

A

Workers (proletarians) sell labour

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3
Q

In a capitalist society

A

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)

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4
Q

Places of those who do not own the means of production

A

Places of those who do not own the means of production but who are still wealthy and powerful- business manager, politicians

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5
Q

Middle class professionals

A

Those who are not necessarily bourgeoisies or proletariat - middle class professionals

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6
Q

Market position

A

Ones market position can be improved through skills and prestige allowing for class mobility

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