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Level 1

Terminology Essentials


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Capital
Value in motion
Money
The commodity used to measure and circulatef value
Proletariat
Those who must labour to survive
Bourgeoisie
Those who do not need to labour to survive
Commodity
A good or service for sale on the market
Capitalists
Those who own the means of production
Class
A group of people with interests in common
Property
Values monopolized by a single legal body
Communism
The real movement which abolishes the present state of things