Answer:
The relevance of political economy to society development lies in its ability to help us understand how economic policies, systems, and processes interact with the social, political, and cultural aspects of a given society. Political economy examines how decision-making and the use of economic resources affects a society’s ability to function as well as its capacity for growth and development. It also examines how a society’s economic system is affected by political forces, such as changes in government or economic policies. By examining these interconnected factors, political economy can provide valuable insights into how a society operates and how it can be moved towards better outcomes.