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Means of production

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Means of production Empty Means of production

Post  fearlove Sun Nov 13, 2011 6:07 am

Means of production refers to physical, non-human inputs used in production—the factories, machines, and tools used to produce wealth[1] — along with both infrastructural capital and natural capital. This includes the classical factors of production minus financial capital and minus human capital. They include two broad categories of objects: instruments of labour (tools, factories, infrastructure, etc.) and subjects of labour (natural resources and raw materials). People operate on the subjects of labour, using the instruments of labour, to create a product; or, stated another way, labour acting on the means of production creates a product.[2] When used in the broad sense, the "means of production" includes the "means of distribution" which includes stores, banks, and railroads.[3]
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fearlove

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