Political economy was the original term for the study of production, the acts of buying and selling, and their relationships to laws, customs and government. It developed in the 17th century as the study of the economies of states which placed the theory of property in the theory of government.[1] […]
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A government is a group of people that have the power to rule in a territory, according to the law. This territory may be a country, a state or province within a country, or a region. Governments make laws, rules, and regulations, collect taxes and print money. Governments have systems […]