Capitalist mode of production (Marxist theory)

Marxist theory is a way of looking at how societies produce goods and services. Capitalist mode of production is a way of organizing production in a capitalist society. It means that goods and services are produced by companies that are owned by private people or groups. These people or groups are called capitalists, and they make a profit by selling their goods and services. Companies that use this system need workers to produce goods and services. The workers don't own the companies, and they are paid wages by the capitalists that own them. The capitalists make more money than the workers because they own the companies and can charge higher prices for their goods and services.