political economy

名词noun

1. 1(countable, uncountable, economics, politics) Interdisciplinary studies drawing upon economics, law, and political science in explaining how political institutions, the political environment, and the economic system—capitalist, socialist, mixed, etc.—influence each other.
2. 2(uncountable, social sciences, archaic) Synonym of economics (“the study of resource and wealth allocation, consumption, and distribution, of capital and investment, and of management of the factors of production”).