Question

Characteristics of capitalist mode of production

Answer 1

The concept of the capitalist mode of production (CMP) occupies a central place inKarl Marx’s (1818–1883) view of productive relations, forms of exploitation, and conflictin modern society. The verynotion of capitalism was used predominantly by Marxists well into the twentieth century, when it started to be thoroughly analyzed in a non-Marxist perspective byMax Weber(1864–1920) and Werner Sombart (1863–1941).