Exam (elaborations)
Political Economy With Complete Solutions Latest Update
- Module
- Political Economy
- Institution
- Political Economy
Political Economy With Complete Solutions Latest Update
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Political Economy With Complete Solutions Latest Updatepolitical economy - correct answers the study of how politics and economics are related and how their relationship shapes the
balance between freedom and equality
markets - correct answers interactions between the forces of supply and demand and the allocation of resources through the
process of those interactions
property - correct answers the ownership of the goods and services exchanged through the markets
public goods - correct answers defined as those goods, provided or secured by the state, that are available for society and
indivisible, meaning no private person or organization can own them
social expenditures - correct answers the state's provision of public benefits, such as education, health care and
transportation ("welfare")
gross domestic product - correct answers total market value of goods and services produced by one country in a year
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