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What does Marx mean when he uses the term “mode of production”? How is the mode of production related to the forces of production and the relations of production? (Be sure to carefully define ‘forces of production’ and ‘relations of production’ in your answer.) How do ‘contradictions’ within the mode of production explain the transition from feudalism to capitalism? Do contradictions within the mode of production also give hints regarding the direction in which capitalism is heading?

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Microeconomics, Economics

Category:- Microeconomics
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