The mode of production characterized by the dominance of the owners of industry over the mass of industrial workers is called ______
A) feudalism
B) capitalism
C) communism
D) socialism

Question

Quizplus · Accepted Answer

In a capitalist mode of production, the means of production are owned by a small group of private individuals who use them to generate profit through the exploitation of wage labor. This leads to a power imbalance in which the owners of industry hold greater wealth and influence than the masses of workers who rely on those industries for their livelihoods. Feudalism, communism, and socialism all describe different forms of social organization and economic production that have historically existed, but they do not necessarily entail the same power dynamics as capitalism.

The Mode of Production Characterized by the Dominance of the Owners