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Giving priority to service insted of economic self interest is the characteristic of which activity

Posted by Sonu Kumar 5 years, 2 months ago

CBSE > Class 11 > Business Studies

1 answers

Gaurav Seth 5 years, 2 months ago

Giving priority to service instead of economic self-interest’ is the characteristic of political economy

Political economy is a term used for studying production and trade, and their relations with law, custom, and government, as well as with the distribution of national income and wealth. Political economy originated in moral philosophy. It was developed in the 18th century as the study of the economies of states, or polities, hence the term political economy.

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