US Navy Down to Five Aircraft Carriers at Sea, None in the Mideast. Sailors take photos on the flight deck as aircraft carrier USS George Washington (CVN 73) transits the Strait of Magellan on Nov. 1, 2015, as part of the exercise Southern Seas 2015. (U.S. Navy photo by Bryan Mai)
The _____ model is founded in classic economic precepts. The shareholder model is founded in classic economic precepts. Expert answered|matahari|Points 3634|. Log in to see link for more information.
Origins of the Term. The concept of political economy developed in the 18th century in moral philosophy. As the study of the economics of particular states -- or polities -- political economics symbolized the complex relationship between trade and government policy. In the late 19th century, the generic term economics replaced political economy in everyday usage. In modern times, however, the term has seen something of a resurgence.