Terms
Bourgeoisie
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Composing the class of modern Capitalists, the bourgeoisie are the employers of
wage laborers, and the owners of the means of production.
Means of production
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The means of production include not only the physical instruments of production
(tools, machines, etc.), but also the methods of working (skills, forms of
cooperation, division of labor, etc.), and knowledge that can be applied to
production (science, etc.).
Mode of production
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The economic structure of society that defines people's mode of living. It
consists of the means of production as well as the relations of
production.
Proletariat
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The class of modern wage-laborers. They do not have their own means of
production, and therefore they must sell their own labor in order to
survive.
Relations of production
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The necessary relations between people as required for a certain form of
material production. The relations of production refer to the distribution of
the means of production, the forms of possession (collective and
individual private property), and the distribution of the product.
