Industry WIKI

Capitalism is an economic system based on the private ownership of the means of production and its use for the purpose of obtaining profit. This socioeconomic system has developed historically in several stages and is defined by a number of constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on inn

Fictitious capital (German: fiktives Kapital) is a concept used by Karl Marx in his critique of political economy. It is introduced in chapter 25 of the third volume of Capital. Fictitious capital contrasts with what Marx calls "real capital", which is capital actually invested in physical means of production and workers, and "money capital", which is actual funds being held. The market

In political philosophy, the means of production are the generally necessary assets and resources that enable a society to engage in production. While the exact resources encompassed may vary, they are widely agreed to include the classical factors of production (land, labor, and capital) as well as the general infrastructure and capital goods necessary to reproduce stable levels of prod