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means of production

   Also found in: Acronyms, Wikipedia 0.03 sec.
means of production
pl n
(Government, Politics & Diplomacy) (in Marxist theory) the raw materials and means of labour (tools, machines, etc.) employed in the production process


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We see then: the means of production and of exchange, on whose foundation the bourgeoisie built itself up, were generated in feudal society.
Every Socialist did his share, and lived upon the vision of the "good time coming,"--when the working class should go to the polls and seize the powers of government, and put an end to private property in the means of production.
It is not enough that a country should lose none of the money that forms its capital; you will not increase its prosperity by more or less ingenious devices for causing this amount to circulate, by means of production and consumption, through the greatest possible number of hands.
 
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