Capital
Say a business owner wins a contract from an apartment complex to remodel one of its buildings. He then hires day laborers to retile the floors, paint the walls, and put in new plumbing. In Marx's...
Wage-Labor
The overwhelming majority of people in the world have to sell their labor for wages in order to survive. Marx uses the term wages broadly, so his term includes salary pay, not just hourly pay. Thin...
Means of Production
The means of production for Marx are the tools, equipment, and land used by humans to produce stuff in a given economic epoch. We use the means of production to make products and change our environ...