How real is the influence of politics on the economy?

Political scientist Harold Lasswell defined politics as the process of deciding who gets what, when and how. Economics is the study of how societies allocate scarce resources, deciding what to produce, how and for whom. The similarity of these definitions demonstrates a relationship between politics and economics, as both represent methods by which societies make decisions. But how do you think which one of them is affecting the formulation of another, politics drive economics or on the contrary

kingjs avatar Politics
0 2

the two issues cannot be separated; economics is politics

@MusicIsAGift the two issues cannot be separated; economics is politics


economics- the branch of knowledge concerned with the production, consumption, and transfer of wealth.

Keep in mind that wealth doesn't have to mean money. It could be the good feeling you obtain from having a friend. Production is the effort you put in and consumption represents the things you desire. Economics is essentially life.

politics- the activities associated with the governance of a country or other area, esp. the debate or conflict among individuals or parties having or hoping to achieve power.

This is strictly controlling and regulating people. It is the few trying to tell the many how to live.

The only relation the two have is that one tries to control the other.

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