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- DictionaryMeans of pro·duc·tion/mēnz əv/
plural
- 1. (especially in a political context) the facilities and resources for producing goods: "in this society, the means of production are communally owned"
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The concept of "means of production" is used by researchers in various fields of study — including politics, economics, and sociology — to discuss, broadly, the relationship between anything that can have productive use, its ownership, and the constituent social parts needed to produce it.
Feb 13, 2024 · The means of production are the facilities, tools, infrastructure, resources, and assets used to produce goods and services in an economy. They include factories, machinery, technology, land, raw materials, transportation, and any other equipment or infrastructure that goes into production.
Aug 18, 2024 · The elements needed to produce goods and services: land, labour, and capital. Any production process depends upon a particular material configuration of the means of production (Hudson (2008) J. Econ. Geog. 8, 3).
Nov 21, 2023 · The means of production is the social use and ownership of the elements needed to produce goods and services. A good is an object that people use to satisfy their wants....
Definition of Means of Production. ( noun) The instruments and materials used to produce goods and services.
The means of production are the physical, non-human inputs used for the production of economic value, such as factories, machines, and tools. In political science, this concept often explores who controls these resources and how that control influences societal structure and political power.
In economics, factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
Means of production definition: (in Marxist theory) the raw materials and means of labour (tools, machines, etc) employed in the production process. See examples of MEANS OF PRODUCTION used in a sentence.
means of production. Definition. Prominent in Marxist thought, this signifies what is required to produce goods and services. It includes the obvious material resources but adds the social relations between workers and owners (or labour and capital). [Source: The SAGE Dictionary of Sociology; Means of Production]
Production is the process of combining various inputs, both material (such as metal, wood, glass, or plastics) and immaterial (such as plans, or knowledge) in order to create output. Ideally this output will be a good or service which has value and contributes to the utility of individuals. [ 1] .
