Practicing Success
Practicing Success
CUET Preparation Today
| One of the founders of modern sociology, Karl Marx, was also a critic of modern capitalism. Marx understood capitalism as a system of commodity production, or production for the market, through the use of wage labour. As you have already learned, Marx wrote that all economic systems are also social systems. Each mode of production consists of particular relations of production, which in turn give rise to a specific class structure |
| What makes Capitalists powerful in Capitalism? |
The control of means of production. The capacity to work. Muscle Power and Connection with the administration. Information technology |
| The control of means of production. |
| Capitalism gives rise to two basic classes – capitalists, who own the means of production (such as the factories), and workers who sell their labour to the capitalists. |
