QUESTION
Which of the following systems is a part of the political economy?
A. Religious system
B. Value system
C. Demographic system
D. Legal system
E. Technological system
ANSWER
D
Collectively we refer to the political, economic, and legal systems as constituting the political economy of a country. This emphasizes the fact 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.
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