What Is Economic Determinism? Complete Guide
What is economic determinism? It's a theory in socioeconomics, which suggests that all social and political arrangements are based on economic relationships. In other words, all human activity is driven by the economy. In other words, we cannot be free from the effects of the economy, as it's the foundation of all social and political arrangements. However, it's also important to understand that economic relationships can have both positive and negative consequences. An economic determinist argument states that economic relations and forces are causal variables for worldly life. This view makes the forces of production the locus of all effective…