A healthy political economy includes a balanced interplay of strong institutions, equitable resource distribution, and active participation from both the public and private sectors. Characteristics of such an economy involve transparent governance, low corruption levels, and equitable access to opportunities. It also fosters innovation and entrepreneurship while ensuring that social welfare needs are met. In this context, economic policies should promote sustainability and inclusivity, creating a stable environment conducive to growth. Ultimately, a healthy political economy supports the well-being of its citizens and encourages long-term prosperity.