Question
In the video on political economy posted in Week 7 in Moodle, it makes the case that the intersection of economics and politics is what
In the video on "political economy" posted in Week 7 in Moodle, it makes the case that the intersection of economics and politics is what we call "political economy". The video explains that different types of economic systems (ie, government) look very differently at the concepts of free markets, ownership of property, and what constitutes public goods.The video identifies the 4 distinct types of political economies (economic systems/viewpoints) as Liberalism, Mercantilism, Social Democracy, and Communism.Explain how each of these political economies views free markets, ownership of property, and public goods.
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