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What two factors influence an economic school of thought

the environment of the economist and the economic viability of the society the level of government economic involvement and the environment of the economist the personal beliefs of the economist and the viability of those beliefs the economic viability of the society and the level of government economic involvement

User Alvi
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Final answer:

The level of government economic involvement and the economic viability of the society are two factors that influence an economic school of thought.

Step-by-step explanation:

Two factors that influence an economic school of thought are the level of government economic involvement and the economic viability of the society. The level of government economic involvement refers to the extent to which the government intervenes in the economy through policies, regulations, and public spending. This factor influences the approach to economic issues and the role of government in shaping economic outcomes. The economic viability of the society refers to the overall potential for economic success and growth in a society. This factor takes into account factors such as resources, infrastructure, workforce, and market conditions that impact the economic potential of a society. Economists often consider the economic viability of a society when developing and advocating for different economic theories and policies.

User IMX
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