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How do you define the term ‘capital’ in the Marxist philosophy?
assistant
Capital is a term used by Marx to refer to the means of production. This means that the means of production are things like factories, machines, land, and tools that can be used to make other things. The capitalists own the means of production, and they use them to make profits. The workers own nothing, so they have to sell their labor to the capitalists in order to make a living.