what is economic and what is political
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Economics is the study of economic transactions between people and groups and politics is the practice of governing. ... Likewise, when one makes economic decisions, the underlying premise is that he is politically free to do so. The ability to make economic decisions is the ability to make political ones.
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Economics (redirect from EconomicS)
between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics;
Politics
confused with politicology, a synonym for political science). In modern nation-states, people often form political parties to represent their ideas. Members.
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