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LSDefine

Simple English definitions for legal terms

political economy

Read a random definition: droit du seigneur

A quick definition of political economy:

Political economy is a type of social science that studies how governments handle money and resources, and how their decisions affect the economy. It looks at how politics and economics are connected and how they influence each other. It's like trying to understand how a family budget affects the things they can buy and how much money they have left over.

A more thorough explanation:

Political economy is a social science that deals with the economic problems of government and the relationship between political policies and economic processes. It is concerned with how a community manages or administers its wealth and resources, as well as the sociopolitical organization of those resources.

  • Economy: The management or administration of the wealth and resources of a community (such as a city, state, or country).
  • Black economy: Also known as the shadow economy, it refers to economic activities that are not reported to the government for tax purposes.
  • Overheated economy: An economy that has a high level of economic activity, but can cause interest rates and inflation to rise.

These examples illustrate the different aspects of political economy. The first example shows how a community manages its resources, while the second and third examples demonstrate how economic activities can affect the government and the overall economy. Political economy seeks to understand these relationships and how they can be managed for the benefit of society.

political crime | political equality

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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