Question

In capitalistic economy, to whom does the ownership and management of means of production belong? Write the following questions in one line.

Answer 1

To the owner of the production estate.

Answer 2

In the capitalistic means of production, the labour category people are doing all the works with the help of machineries equipped.

These labour class people are operating those machines and getting small amount of wages.

But, the capitalistic people who are just investing money not doing any physical work are experiencing all the privileges.

Hence, in the capitalistic economy, the production means and ownership advantages are experienced by a small individual groups of people.