Original Purpose and Focus of Political Economy
Political Economy is mainly involved with wealth management in society. It also deals with the efforts put in place by man resulting to supply of their wants and satisfaction of their desires. Political Economy was initially centered on coordination of families and political households in communities. Social customs and practices at that time were given much priority in the management of a community.
Issues of moral judgments in political economy took centre stage in the past. However, such judgments are now restricted to the relations between citizens and their government. Governments in present societies play a very fundamental role
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