- 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 and distribution are collectively owned and controlled, usually by government.

Longer explanation

In Measure for Measure, Shakespeare wrote, ‘What's mine is yours, and what is yours is mine’. Well, this sense of collectivity is the premise of socialism: an economic system that attempts to overcome ...

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