Petit-bourgeoisie
The class which is defined by ownership of the means of production that must work to maintain itself.
Tag: basic terms
Private property
The economic relation whereby productive tools, land, and so forth (the “means of production”) are exclusively owned and controlled by individuals. The private property regime as constituted contemplates that individuals […]
Proletariat
The class that is defined by lack of ownership of means of production that must work to sustain itself.