Question

Means of production is defined by which of the following statements?

a. the ability put forth by the owners and workers to create wealth
b. the factories, machines, and tools used to produce wealth
c. the owners of the industries that gain wealth
d. the people who provide labor for the industry to produce wealth

Answer 1

The means of production are all the technologies, instruments (such as tools and machines) and structures that are used to produce the end-product. They do not include people or abilities.

The correct answer is then:
b. the factories, machines, and tools used to produce wealth