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Marx Vocab -sarah ho
CORE12
17
Philosophy
12th Grade
11/08/2009

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Term
Economics
Definition
study of the way society produces goods needed for survival
Term
Tradition economics
Definition
get pull of tradition
Term
command economy
Definition
whip of authority
Term
Market economy
Definition
lure of personal gain
Term
Economic determinism
Definition
economic condition determines the way people think and live in the world
Term
Mode of production
Definition
way a society arranges production, including productive forces and relations
Term
Production forces
Definition
population, land, tools; material things needed to produce
Term
Productive relations
Definition
relations human beings enter into in order for humans to produce goods
Term
Substructure
Definition
economic base in the society that determines everything else in the society
Term
Superstructure
Definition
all institution in society that are determined by a society’s substructure
Term
Capitalism
Definition
material based society, society based on market production, market based society
Term
Bourgeoisie
Definition
owners of the means of conduction [the class] operates to make a profit
Term
Proletariat
Definition
non owners of the means of production who have to use labor to live
Term
Historicism
Definition
the way humans live and think is controlled by changing historical conditions
Term
capital
Definition
any form of wealth that can be used to make more wealth
Term
The labor value theory of value
Definition
theory th at the amount of work/labor determines a product's value
Term
Surplus value
Definition
value that labor creates but is not paid for
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