Economics and Political Economy

The emergence of political economy in the 18th century greatly helped people in the field of the supply system (that is, the method of distribution and production of goods to supply the needs), and the term “political economy” replaced the old term “economy”. Political economy is an interdisciplinary branch of social sciences that focuses on the interrelationships of individuals, governments, and public policies. in other words; Political economy is a branch of social sciences that examines the laws related to the production and distribution of income and wealth and its effects in different stages of growth and development of human society. Political economists’ economic theories work, such as; They study capitalism, socialism, communism, and Islam in the real world.
As a result, political economy explains the mutual relations between governments and citizens in the economic field, and therefore the study of political economy is one of the most important needs of our society, and the “symbol of justice” considers itself committed to research in this regard.