how does economic growth take on different ideology?? class 10
Answers
Answer:
Their norms and perceptions of society might, via their political ideology, affect economic performance. ... Further analysis suggests that these societies develop better legal systems and less government intervention, which in turn explain some but not all of the growth difference.
Answer:
A good way of discerning whether an ideology can be classified an economic ideology is to ask if it inherently takes a specific and detailed economic standpoint.
Furthermore, economic ideology is distinct from an economic system that it supports, such as capitalism, to the extent that explaining an economic system (positive economics) is distinct from advocating it (normative economics).The theory of economic ideology explains its occurrence, evolution, and relation to an economy