Srimad Bhagavatam 11.24.04 - 50 yrs of Advent of Sri Sri Radha Londonisvara (download mp3)
by Giriraj Prabhu at ISKCON Chowpatty
tayor ekataro hy arthaḥ
jñānaṁ tv anyatamo bhāvaḥ
puruṣaḥ so ’bhidhīyate
Of these two categories of manifestation, one is material nature, which embodies both the subtle causes and manifest products of matter. The other is the conscious living entity, designated as the enjoyer.
According to Śrīla Jīva Gosvāmī, prakṛti here refers to the subtle pradhāna, which later becomes manifest as mahat-tattva.