Editing Political Economy (section)

== <span style="color: #FFFFFF;">Remembering</span> ==
* '''Political Economy''' — The study of how political and economic systems interact.
* '''The Market''' — The social system where goods and services are exchanged.
* '''The State''' — The political entity that has the power to regulate the market.
* '''Capitalism''' — An economic system based on private ownership and free markets.
* '''Socialism''' — An economic system where the means of production are owned by the community or the state.
* '''Neoliberalism''' — A policy model that emphasizes free-market competition and minimal government interference.
* '''Mercantilism''' — An economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances.
* '''Rent-Seeking''' — Gaining wealth by manipulating the political environment rather than creating new wealth.
* '''Protectionism''' — Shielding a country's domestic industries from foreign competition (e.g., Tariffs).
* '''Public Good''' — A good that is non-excludable and non-rivalrous (e.g., National Defense).
* '''Externalities''' — Costs or benefits that affect people who are not involved in the transaction (e.g., Pollution).
* '''Globalization''' — The process of increasing integration and interdependence between national economies.
* '''Developmental State''' — A state where the government plays a central role in planning and directing economic growth (e.g., South Korea).
* '''Kleptocracy''' — A government with corrupt leaders that use their power to exploit the people and natural resources of their own territory.
</div>

<div style="background-color: #006400; color: #FFFFFF; padding: 20px; border-radius: 8px; margin-bottom: 15px;">