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What is the relationship between political economy and economic progress? This question has been the subject...

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Economics

What is the relationship between political economy and economicprogress? This question has been the subject of a vigorous debateamong academics and policymakers for some time.

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Political economy refers to the development of institutions in different economic systems adopting different forms of economic policies and plans In this way political economy gives direction to economic growth Market economy for example provides freedom and impetus for growth and innovation Therefore    See Answer
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