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Political economy most commonly refers to interdisciplinary studies drawing upon economics, sociology and political science in explaining how political institutions, the political environment, and the economic system—capitalist, socialist, communist, or mixed—influence each other. [14]
In business analysis, PEST analysis (political, economic, social and technological) is a framework of external macro-environmental factors used in strategic management and market research. PEST analysis was developed in 1967 by Francis Aguilar as an environmental scanning framework for businesses to understand the external conditions and ...
Political ecology is the study of the relationships between political, economic and social factors with environmental issues and changes. Political ecology differs from apolitical ecological studies by politicizing environmental issues and phenomena.
Since World War II, the United States economy has performed significantly better on average under the administrations of Democratic presidents than Republican presidents. . This difference is found in economic metrics including job creation, GDP growth, stock market returns, personal income growth, and corporate pro
Comparative politics is the systematic study and comparison of the diverse political systems in the world. Comparative politics analyzes differences in political regimes, governance structures, electoral systems, policy outcomes, and public administration across countries, regions, or time periods.
The Carter economy stayed strong until his third year of office, when growth began to slip and inflation started to skyrocket. Inflation peaked at 14.6% in April 1980, and GDP declined in the ...
Growth: Since Biden took office, the U.S. economy has grown 8.4% when adjusted for inflation, versus a 6.5% growth rate for the same time period under Trump, though the economy was growing at a ...
There is no unity about right and wrong economic systems. Each type of economic system can be compared, based on a set of factors but generally, there is not a general agreement about which economic system is more right than the other. Hence, there is no single standard that is able to evaluate indisputably the merit of the economic system.