Economic - GCSE History Definition
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The term 'economic' relates to the system by which goods and services are produced, distributed, and consumed within a society. In the context of GCSE History, it refers to the study of how economies have developed and changed over time due to various factors like trade, industry, innovation, and government policies. Understanding the economic aspects of history helps students grasp how wealth and resources influenced historical events, societal changes, and the lives of people in different periods. Economic factors often underpin major historical themes such as industrialisation, imperialism, and revolutions.
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