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.

Only A, B and D

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.