political economy (think ecosystem) - Answer-to stress that the political, economic, and legal systems of a country are interdependent; they interact with and influence each other, and in doing so, they affect the level of economic well-being

political economy (think ecosystem) - Answer-to stress that the political, economic, and legal systems of a country are interdependent; they interact with and influence each other, and in doing so, they affect the level of economic well-being. political system - Answer--the political system of a country shapes its economic and legal systems -we mean the system of government in a nation. -Political systems can be assessed according to two dimensions: 1)collectivism as opposed to individualism. 2) democratic or totalitarian. Collectivism - Answer--refers to a political system that stresses the primacy of collective goals over individual goals -the needs of society as a whole are generally viewed as being more important than individual freedoms Advocacy of collectivism can be traced to... - Answer-Greek philosopher Plato (427-347 b.c.), who, in The Republic, argued that individual rights should be sacrificed for the good of the majority and that property should be owned in common. Plato did not equate collectivism with equality...he believed that?... - Answer-that society should be stratified into classes, with those best suited to rule administering society for the benefit of all In modern times, the collectivist mantle has been picked up by... - Answer-socialists Modern socialists trace their intellectual roots to.. - Answer-Karl Marx According to Marx, the pay of workers does not reflect... - Answer-the full value of their labor. Marx advocated state ownership of.. - Answer-the basic means of production, distribution, and exchange (i.e., businesses). In the early twentieth century, the socialist ideology split into two broad camps which are: - Answer-communists and social democrats communists believed that socialism... - Answer-could be achieved only through violent revolution and totalitarian dictatorship