Means of production

Inputs used in the production of goods and services with economic value / From Wikipedia, the free encyclopedia

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In economics, the means of production is a term which describes land, labor, and capital that can be used to produce products (such as goods or services);[1] however, the term can also refer to anything that is used to produce products.[2] It can also be used as an abbreviation of the "means of production and distribution" which additionally includes the logistical distribution and delivery of products, generally through distributors; or as an abbreviation of the "means of production, distribution, and exchange" which further includes the exchange of distributed products, generally to consumers.[3]

The concept of "means of production" is used by researchers in various fields of study — including politics, economics, and sociology — to discuss, broadly, the relationship between anything that can have productive use, its ownership, and the constituent social parts needed to produce it.

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