means of production Used in a Marxist description of capitalism: land, labor and capital. Related Related Articles: Three Kinds of Irresistible Tech From the Consumer Electronic ShowSome New Spin For Vinyl RecordsThe New Technology Seen By Queen ElizabethThe Demise of the Gas StationJoseph Schumpeter: Economic Models and Eileen Ford Ann Mills Share This Previous ArticleM1 Next Articleopen market operations December 17, 2020