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Means of production

Means of production Definition

The means of production refers, in Marxist economics and its modern derivatives, to physical, non-human, inputs used in production. This includes factories, machines, and tools, along with both infrastructural capital and natural capital, the classical factors of production minus financial capital and minus human capital or labor. When used in modern terms it usually applies to land or commons being converted to natural resources, and to that infrastructural capital which is not owned strictly in common but is applied to make "goods". Marx's analysis does not distinguish between infrastructural and natural means of production, but that distinction could be introduced.








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