Which of the following statements is/are correct according to Marx?
A. Every mode of production consists of particular relations of production.
B. Relations of production give rise to a specific class structure.
C. The economy mainly consists of commodities circulating in the market.
D. Capitalists own the means of production.
Answer & explanation
Correct answer: option 1
The correct answer is Option 1: Only A, B and D.
Statement A – Correct. Every mode of production is characterised by specific relations of production.
Statement B – Correct. These relations of production determine the class structure of society.
Statement C – Incorrect. Marx argued that the economy fundamentally consists of social relations among people involved in production, not merely commodities circulating in the market.
Statement D – Correct. Ownership of the means of production distinguishes the capitalist class from the working class.