<P> Mode of production ( German : Produktionsweise ) means the dominant way in which production is organised in society . For instance , `` capitalism '' is the name for the capitalist mode of production in which the means of production are owned privately by a small class ( the bourgeoisie ) who profits off the labour of the working class ( the proletariat ) . Communism is a mode of production in which the means of production are not owned by anyone , but shared in common , without class based exploitation . </P>
<P> Mode of production ( German : Produktionsweise ) means the dominant way in which production is organised in society . For instance , `` capitalism '' is the name for the capitalist mode of production in which the means of production are owned privately by a small class ( the bourgeoisie ) who profits off the labour of the working class ( the proletariat ) . Communism is a mode of production in which the means of production are not owned by anyone , but shared in common , without class based exploitation . </P>
who owns the means of production under capitalism
who owns the means of production under capitalism
privately by a small class ( the bourgeoisie ) who profits off the labour of the working class ( the proletariat )
privately by a small class ( the bourgeoisie ) who profits off the labour of the working class ( the proletariat )