What is Politics?. When you think of politics, what comes to your mind? Negative, Positive?What is Politics?The process of peacefully reconciling social and economic differences.Informal definition: \"Who Gets What, When, How\"A struggle for power.. Politics and Economics. Economics is very important in politics. Who gets what, when, and how?We must decide how we spend our money.More spending on defense or more spending on social security?We must achieve a balancing act..