Explain and give a detailed example of the concept of an eco

Explain and give a detailed example of the concept of an economic vote.

Solution

Explanation:

Economic Vote:

Economic vote is concept in which people vote to support the economy and governing body when the time of that particular economy is good. Same way people will punish the governing body when the party has bad time economically in that particular economy.

Example:

When Greece was going through crisis in debt people voted against the Greece to punish it and Greece was on brink of leaving European Union but somehow it survived and managed to exist in it. Golden Dawn an Ultra-Nationalist party which is known for being neo-Nazi ties had gained more support in national election of Greece. They won 16 seat in parliament.