Entity: PMC
PMC refers to the Professional Managerial Class, a social class within capitalism that controls production processes through occupying superior management positions.
PMC
Etymology
The term PMC stands for Professional Managerial Class.
Definition
PMC refers to a social class within capitalism that controls production processes through occupying superior management positions. Members of this class are typically well-educated professionals with business training and qualifications.
Historical Context
The concept of the Professional Managerial Class emerged as a new class formation in advanced capitalism. It is neither proletarian nor bourgeoisie but occupies a unique position in the capitalist system.
Cultural Significance
The PMC plays a crucial role in modern economies by managing production processes and holding key managerial positions in various industries.
Related Concepts
PMC is related to the idea of a new class formation in late capitalism, distinct from traditional working-class and capitalist classes.
See Also
A social class within capitalism that, by controlling production processes through occupying a superior management position, is neither proletarian nor bourgeoisie.