SOCIOL 2U06 Lecture Notes - Lecture 3: Small Business, Middle Ages, Proletariat

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Slavery feudalism capitalism: slavery economic system in which people are legally owned by others and engaged in forced servitude. Mode of production during antiquity (term given to term in distant past usually before the middle ages) Societies which had slavery as mode of production include ancient athens and ancient rome: feudalism economic system in which people work the land for others in exchange for a share of the food production. Mode of product in europe during the middle ages (i. e medival times: capitalism economic system in which people who own private property utilize the labour of others in the pursuit of profit. Marx was most interested in capitalism as mode of production. All modes of production divides into two component: forces of production and social relations. Forces of production all the things needed for production to occur. Forces of production include means of production and productive labour. Means of production land, raw material, technology and buildings.

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