ABSTRACT
In every society, economics and politics are intertwined. That is to say, a nation’s political system influences the economic system and vice versa. The political system is the governmental framework in which certain individuals and groups hold power to make decisions over others. The economic system refers to the coordinated processes by which goods and services are produced and distributed. In democratic societies, political leaders attempt to balance the needs of individuals with those of the greater society. In capitalistic societies, individuals, businesses, and corporations attempt to maximize profits, often at the expense of others (the competition).
