Question

what is economy and politics​

Answer 1

Answer:

It's an approach that stresses the importance of historical processes, structural forces and institutions in shaping economic outcomes. PE also acknowledges the role values play in influencing what economists choose to study, how they conduct their investigations, and the policy implications of their research.

Answer 2

Explanation:

An economy encompasses all activity related to production, consumption, and trade of goods and services in an area. An economy applies to everyone from individuals to entities such as corporations and governments .

Politics is the set of activities that are associated with making decisions in groups, or other forms of power relations between individuals, such as the distribution of resources or status.