From a classical economics (1700s) perspective, yes. However in the 1800s economists, political scientists, and philosophers started seeing the division in how we as a society study economics and politics as separate entities as a mistake and started analyzing groups of people through the lens of how their economy and politics effected eachother. It is to the benefit, however, to the capital holding class to sustain the divide and to never engage with the idea that the structure of civilization as we know it fundamentally exists to create a tier-based class system in which a small number of people own everything and produce nothing, and a large class of people own nothing and produce everything