Since economics is a vital part of the running of the state, politics is closely intertwined with it. The political system in power at a certain point in time influences the economic practices in a country.
Capitalism is more feasible and realistic in my opinion. Capitalist economies have been seen to flourish as the main aim of capitalist industries is to maximize profit. This enables capitalist economies to be competitive in the global market. Growth in capitalist economies is faster as they have greater incentives to excel. Governments empower capitalist firms to a certain extent and governments practice different levels of control over capitalist firms. This is where the relationship between politics and economics is of utmost importance.
Private capitalist firms may enjoy certain privileges given to them by the government and this influences which industries are more empowered and whether an economy leans more toward consumerism or manufacturing.
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