Economic Development
Mode of production refers to the way in which goods and services are produced in a society, encompassing the means of production and the relations of production. This concept plays a crucial role in understanding the economic systems and class structures that shape societies, particularly in Marxian theory. In this framework, different modes of production, such as feudalism, capitalism, and socialism, influence social relationships, power dynamics, and economic development.
congrats on reading the definition of Mode of Production. now let's actually learn it.