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The direct relationship between a political system and economic system is depenent on your belief of how much of the country's resources should be owned by the state, how much the state should look after the needy (children, sick, unemployed, elderly, disabled etc) and how much should individuals be responsible for themselves (education, healthcare). These beliefs will determine taxation policy (to pay for the above).
Most countries in the west are highly developed economies so the only real shift in policy is slightly left/right of centre and the problem of the various political parties is to decide what makes them stand out as a party.
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What are the types of political economic systems?
there is no such thing as political economic systems, there are only economic political systems
How did the british economic and political systems work together to control their territory?
The economic and political systems in Britain used to work together because the political system needed a lot of financial backing for it to remain. There had to be finances if the political system recommended going to war.
How are political science and economics related?
A free society has no need for overt coercion. There is however a relationship between political science, meaning political ideas and theory. Generally speaking, a nation with an open, democratic political system will nurture its economic development. This is in terms of imports, exports and the vitality of its home industries.
Economic systems must address?
Broad social / economic goals. The political process. The production possibilities curve. Utility.
Did Karl Marx make a contribution to economics?
Yes, he philosophized the economic system of Socialism and other leftist political systems such as Communism, which had economic elements. Socialism and communism are actually two distinct politico-economic systems - they both have their own political and economic systems. Marx also wrote the most systematic (at the time, and in my opinion, to date) critique of capitalism. In fact, I think its wrong to describe communism as a political system - democracy is the political system of communism - communism is fundamentally an economic system.
What are the types of political economic systems?
there is no such thing as political economic systems, there are only economic political systems
How are economic and political systems related?
no
What is the Nigerian political economic system?
I believe it is better to say 'politico-economic system', as a single wording or separately as 'political and economic systems'. They both mean thesame thing, and infer that there is a strong interchange between the political system (with institutions & Politicians as actors) and the economic system (with corporations & businessmen as actors). In this situation, those who have political powers control the economic system, and those who have economic power influences or control the political system.
How did the british economic and political systems work together to control their territory?
The economic and political systems in Britain used to work together because the political system needed a lot of financial backing for it to remain. There had to be finances if the political system recommended going to war.
What is sovereignt?
Exlusive power to determine political, economic, and social systems
Is political science the study of economic systems and how they are formed?
No, that is called economics.
This paragraph best describes which social institution?
Religion
How are political science and economics related?
A free society has no need for overt coercion. There is however a relationship between political science, meaning political ideas and theory. Generally speaking, a nation with an open, democratic political system will nurture its economic development. This is in terms of imports, exports and the vitality of its home industries.
Which theory states that the global economic system is controlled by a few wealthy nations resulting in an unequal relationship between nations?
World Systems Theory
Economic systems must address?
Broad social / economic goals. The political process. The production possibilities curve. Utility.
Can you help me get Project topics in political science?
Of course! Here are a few potential project topics in political science: The impact of social media on political participation The role of international institutions in promoting global democracy Comparing presidential versus parliamentary systems of government Exploring the relationship between economic development and democratization in developing countries.
Did Karl Marx make a contribution to economics?
Yes, he philosophized the economic system of Socialism and other leftist political systems such as Communism, which had economic elements. Socialism and communism are actually two distinct politico-economic systems - they both have their own political and economic systems. Marx also wrote the most systematic (at the time, and in my opinion, to date) critique of capitalism. In fact, I think its wrong to describe communism as a political system - democracy is the political system of communism - communism is fundamentally an economic system.
