WORLD HISTORY

Detailed explanation-1: -those who control the means of production, known as the bourgeoisie. those who labor to produce goods, known as the proletariat.

Detailed explanation-2: -The bourgeoisie or capitalists are the owners of capital, purchasing and exploiting labour power, using the surplus value from employment of this labour power to accumulate or expand their capital. It is the ownership of capital and its use to exploit labour and expand capital are key here.

Detailed explanation-3: -In Marxist theory, the capitalist stage of production consists of two main classes: the bourgeoisie, the capitalists who own the means of production, and the much larger proletariat (or ‘working class’) who must sell their own labour power (See also: wage labour).

Detailed explanation-4: -The term relations of production refers to the relationship between those who own the means of production (the capitalists or bourgeoisie) and those who do not (the workers or the proletariat).

Detailed explanation-5: -Marxism posits that the struggle between social classes-specifically between the bourgeoisie, or capitalists, and the proletariat, or workers-defines economic relations in a capitalist economy and will lead inevitably to a communist revolution.