Economy and Interventionism (politics)

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Difference between Economy and Interventionism (politics)

Economy vs. Interventionism (politics)

An economy (from Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution, or trade, and consumption of goods and services by different agents. Interventionism is a policy of non-defensive (proactive) activity undertaken by a nation-state, or other geo-political jurisdiction of a lesser or greater nature, to manipulate an economy and/or society.

Adam Smith

Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.

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Economy

An economy (from Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution, or trade, and consumption of goods and services by different agents.

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Free trade

Free trade is a free market policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries.

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Globalization

Globalization or globalisation is the process of interaction and integration between people, companies, and governments worldwide.

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Nation state

A nation state (or nation-state), in the most specific sense, is a country where a distinct cultural or ethnic group (a "nation" or "people") inhabits a territory and have formed a state (often a sovereign state) that they predominantly govern.

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Neoliberalism

Neoliberalism or neo-liberalism refers primarily to the 20th-century resurgence of 19th-century ideas associated with laissez-faire economic liberalism.

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Protectionism

Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations.

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World economy

The world economy or global economy is the economy of the world, considered as the international exchange of goods and services that is expressed in monetary units of account (money).

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World war

A world war, is a large-scale war involving many of the countries of the world or many of the most powerful and populous ones.

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