The term political economy is used to stress the fact that the politic

QUESTION

The term political economy is used to stress the fact that the political, economic, and legal systems of a country are independent of each other.

Indicate whether the statement is true or false.

ANSWER

FALSE
We use the term political economy to stress that the political, economic, and legal systems of a country are interdependent; they interact and influence each other, and in doing so they affect the level of economic well-being.