Define means of production. means of production synonyms, means of production pronunciation, means of production translation, English dictionary definition of means of production. pl n the raw materials and means of labour employed in the production proc
The means of production are the resources and tools that make it possible for products and services to get created. By the time of early industrial society, the means of production included the machinery and raw materials in a factory. Now it also includes offices, computers, and other ...
The meaning of MEAN is to have in the mind as a purpose : intend —sometimes used interjectionally with I, chiefly in informal speech for emphasis or to introduce a phrase restating the point of a preceding phrase. How to use mean in a sentence. Synonym
Why is '-ed' sometimes pronounced at the end of a word? What's the difference between 'fascism' and 'socialism'? Popular in Wordplay See All What do SCOTUS, POTUS, and FLOTUS mean? More Words with Remarkable Origins Terroir, Oenophile, & Magnum: Ten Words About Wine ...
What is the definition of production?Production may also refer to the goods being produced. For instance, some business call a set of products being produced at the same time a production run. Both of these definitions are interchangeable. Basically, it just means a manufacturing process or the...
- k-means clustering is a method of vector quantization, originally from signal processing, that aims to partition n observations into k clusters in which...- In political philosophy, the means of production refers to the generally necessary ***ets and resources that enable a society to engage...
Production possibility curve (PPC):a curve that shows the maximum output of two types of products and the different combinations of those products that can be produced with a given amount of resources. Money Money:anything that is generally...
An entrepreneur performs the role of an innovator, manager, organizer, leader, risk-taker, and coordinator. The reward of an entrepreneur is profit. Salient features: He/She is the one whoplans, organizes, coordinates, controls and allocatesthe other means of production. ...
means of production for surveillance capitalists like Google arealgorithmsthat predict a user's behavior based on all known data about them. Thesemachine learningalgorithms become more accurate and lucrative predictors the more data they have access to, leading to an ever-increasing scope of ...
The opposite of a free market is a planned economy or a command economy. In such an economic system, the government controls most or all of the means of production and distribution of wealth. The government may also dictate prices of goods, services, and labor. ...