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How are economic policies impacted by politics?

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How are economic policies impacted by politics? Does politics make a positive or a negative contribution to economic policy? Explain.

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Solution Summary

This solution discusses the impact that politics has on the economic policies pursued by our government in a democratic society in 298 words.

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Hi there,

Here is my take on your question about the impact that politics plays on economic policy:

In a democratic society, those that come to political power, do so by being elected by the majority. When that elected person grasps that political power, they will not likely wish to relinquish it. They will want to stay in a position of power as long as possible. In order to do that, they need to be re-elected every term. In order to be re-elected, they need ...

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