Statement 1: The Institutional Approach in Comparative Politics focuses on formal structures like political institutions, constitutions, and laws.
Statement 2: The Political Economy approach examines how economic forces shape political behavior and institutions, focusing on the role of the state in regulating the economy.
Which of the following is correct?
1
Only Statement 1 is correct.
2
Only Statement 2 is correct.
3
Neither Statement 1 nor Statement 2 is correct.
4
Both Statement 1 and Statement 2 are correct.