Means Of Production
The materials, tools and other instruments used by workers to make products
Real World Example
During the Industrial Revolution from 1750 to 1850, the concept of the means of production referred to the factories, machinery, and tools that transformed how goods were made, shifting from handcrafting to mass production. This change was crucial because it allowed for faster production and higher quantities, meeting the growing demands of expanding populations and markets. However, it also led to problems like poor working conditions and the concentration of wealth and power in the hands of factory owners. Today, the means of production still influence our lives, as they determine how goods are made and who controls them, impacting job availability and economic power. For example, in a modern tech company, the computers and software used for app development are the means of production, and who controls these resources can affect job opportunities and innovation in the tech industry.
