INTERNATIONAL. Classical political economists like Adam Smith or David Ricardo never used the term “economy” by itself. They always used the term “political economy.” For classical economists, it was impossible to understand politics without economics or economics without politics.
The two fields are certainly different but they are also intimately linked. The use of the term “economy” by itself did not begin until the late 19th century.
Smith understood that while an efficient market would emerge from individual choices, those choices were framed by the political system in whi
UAE. Gender diversity and improving social conditions driving adult female participation in the GCC's labour force to reach 32% in 2015, revealed an Al Masah Capital Report on "GCC Women - Entrepreneurs in a New Economy".
INTERNATIONAL. Ex-entrepreneurs with an enthusiasm for music can continue to be "entrepreneurial" by purchasing a high quality stringed instrument. They invest a portion of their sales proceeds in a way that will maintain value; at the same time, they support young musicians.