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Q: What is the study of economic systems?
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Is political science the study of economic systems and how they are formed?

No, that is called economics.


What three basic questions do economic systems address?

Economists also study how economic systems address three basic questions: What shall we produce?; How shall we produce it?; For whom shall we produce it?


What are the types of political economic systems?

there is no such thing as political economic systems, there are only economic political systems


It is important to study the political and economic systems of other countries because?

it will help us work with the other people of other countries


A historian who compares the expansion of political system to the expansion of economic system is organizing history by?

Comparative economic systems is the subfield of economics dealing with the comparative study of different systems of economic organization, such as capitalism, socialism, feudalism and the mixed economy.A historian who compares the expansion of political system to the expansion of economic system is organizing history by theme.


Why cultures develop economic systems?

why dp cultures develop economic systems


What is a way of defining economic systems?

One way to define economic systems is to classify them according to whether they are market systems or command systems.


Why do kin-based economic systems prevail in non-industrial societies?

prevailing economic systems


What are Europe's economic systems?

Capitalists economic system


Why are economic systems needed?

Economic systems are needed to help control the power in the people and the government. Thus for different countries with different powers relates to the different types of economic systems.


What three questions must all economic systems answer?

what three questions must all economic systems answer?


Economic systems are based on what?

Economic systems are based on the reflection on the values, assumptions and goals of a particular culture.