Question

explain development in the term of politics and economy?

ANSWER FAST✅

IN POINTS ✅✅

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Answer 1

Answer:

From this point of view, development means an increase in the size or pace of the economy such that more products and services are produced. Conventionally, a common assumption has been that, if an economy generates more products and services, then humans will enjoy a higher standard of living.

Answer 2

Answer:

• The field of political economy is the study of how economic theories such as capitalism or communism play out in the real world.

1. Those who study political economy seek to understand how history, culture, and customs impact an economic system.
2. Global political economy studies how political forces shape global economic interraction.