Updated: Aug 20, 2021

The politico-economic system, based on private property and private profit, censured by Karl Marx for its exploitation of labour.

Reference: The Penguin Dictionary of Economics, 3rd edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.