Capitalism
A mode of production in which the private ownership of the means of production predominates, and under which the only logic of
Tag: political economy
Capitalist
Another word for an “owner,” that is, a member of the bourgeoisie; i.e., someone who owns capital but does not support themselves
Class
A social class is, broadly speaking, a group of individuals who share material interests based on their relation to the means of
Class analysis
The scientific and structural determination of class interests, founded in the material benefits that flow to a given social class based on
Class dictatorship
(see also, state) This is the term used to describe the situation wherein a single class obtains and maintains control over
Class society
Any society or social order in which large groups of people are divided into social classes by economic, juridical, and social relations.
Commodity
Any product made with the intention of exchanging it to realize surplus value, rather than made for use (use value). Commodity production
Commodity production
A mode of production that underlies the modern capitalist economic model. Commodity production is an economic relation that relies on: 1.