political economy


A division of economics that focuses on how the combination of politics and economics influences the economy. For instance, the economy can shift in a different direction depending on the current political party in control.

Use political economy in a sentence

I didn't want to study political economy because I was not interested in politics at all and didn't like it.

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You need to take into account the state of the political economy before you decide to proceed on a long term project.

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If you want to have a good grasp on how things may change in the business world then you should follow the political economy.

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