Means of Production, means and objects of labour combined, employed in the process of social production, in creating material wealth. When characterising the process of social production Marx wrote: "If we examine the whole process from the point of view of its result, the product, it is plain that both the instruments and the object of labour, are means of production" (Karl Marx, Capital, Vol. I, p. 176). The decisive place among the means of production is held by means of labour, and especially the implements of labour. Meanwhile, in modern conditions the role of the objects of labour is growing. The objects of labour indicate the level of development of the means of production, as a significant share of the objects of labour are semi-finished items manufactured from man-made and synthetic materials. The process of production always occurs in a certain socio-economic environment, whose foundation is created by the relations of ownership of the means of production. Property relations combined with the entire system of the relations of production establish the socio- economic form of the means of production. Under capitalist private ownership, the means of production assume the form of capital, a means of exploiting hired labour. As a consequence of the socialist revolution, which abolishes the obsolete capitalist relations of production, the means of production become objects of social ownership; in a planned process of social production they serve to produce items for productive and personal consumption. The Constitution of the USSR proclaims socialist ownership of the means of production as the foundation of the economic system of the USSR. Socialist society turns the means of production to an effective use for the broadest possible satisfaction of the material and spiritual needs of the working people.