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What is Political Economy: Systems & Ideologies about?

This document provides an overview of different political and economic systems. It discusses the differences between collectivism/socialism and individualism, and how modern socialism has split into communism and social democracy. Democracy is defined as a system where government is by the people, while totalitarianism gives one party absolute control over all aspects of life. The document also outlines characteristics of different political and economic systems such as market economies, command economies,

Author

Rafi Sarker

Language

EN