- Are you confused by academic jargon? - Do you know your `discourse' from your `dialectic'? - Can you tell the difference between `anomie' and `alienation'? The Social Science Jargon Buster tackles the most confusing concepts in the social sciences, brea


Core definition

An economic system in which the means of production (factories and equipment) is privately owned and goods are sold through markets in order to build profit.

Longer explanation

In a barter system, you're basically trading for equal value … say 12 eggs for two loaves of bread. There's no profit, but you do trade ...

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