What does it mean to describe a society as an Economic Society?

1- Discuss the following: What does it mean to describe a society as an Economic Society? What is the purpose of economic development? How should one define success or lack of success in economic development? Is economic development more accidental than intentional?

2- List 10 defining characteristics of modern capitalist economy and society. Of these, choose three that are to you most notable, interesting, or important and elaborate on them with some care and substance.

3-What are 6 key factors identified by Heilbroner in explaining the rise of modern capitalist economic society? Discuss in some detail.

4- Why do some nations remain poor? Discuss.

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