What is Means of production?
'''Means of production''' (abbreviated MoP; [[German language|German]]: ''Produktionsmittel''), also called '''means of labour''' are the [[material]]s, [[tool]]s and other [[instrument]]s used by [[worker]]s to make [[Product (consumer goods)|products]]. This includes: [[machine]]s, tools materials, plant and [[:wikt:equipment|equipment]], [[land (economics)|land]], [[raw material]]s, [[money]], [[energy]], and anything else [[labour (economics)|labor]] needs to make things.<ref>{{Cite web|title=Means of Production - an overview {{!}} ScienceDirect Topics|url=https://www.sciencedirect.com/topics/social-sciences/means-of-production|access-date=2021-06-16|website=www.sciencedirect.com}}</ref><ref>{{Cite web|title=means of production|url=https://www.oxfordreference.com/view/10.1093/oi/authority.20110803100145887|access-date=2021-06-16|website=Oxford Reference|language=en}}</ref><ref>{{Cite web|title=Definition: Mode of Production|url=https://cla.purdue.edu/academic/english/theory/marxism/terms/modeofproduction.html|access-date=2021-06-16|website=cla.purdue.edu}}</ref> The means of production can be owned by different people in different ways in different [[society|societies]]. [[Capitalism]] is when the means of production are owned privately. A capitalist society has a [[market]], where things can be sold and bought. Capitalism also has [[wage labor]]. Other societies can be [[socialist]], meaning the means of production are owned in common, either by the workers themselves or [[State-owned enterprise|by the state]]. A socialist society may also have a market, depending on the variation of socialism.<ref>{{Cite web|date=2015-10-16|title=Production: Meaning, Definition, Types and Factors|url=https://www.economicsdiscussion.net/production/production-meaning-definition-types-and-factors/12398|access-date=2021-06-16|website=Economics Discussion|language=en-US}}</ref> == Related pages == * [[Communism]] * [[Capitalism]] * [[Factors of production]] * [[Labor]] * [[Marxism]] * [[Socialism]] == References == {{reflist}