4.8 Ideology and Economic Policy

• What does political ideology define?

  Role of government and society
• Liberalism advocates for civil liberties, social equality, and government intervention to address economic inequality
• Conservatism emphasizes limited government intervention and individual responsibility.
• Which ideology supports collective ownership and control of resources?

  Socialism
• Different ideologies shape views on the government's role in the economy
• Match the ideology with its economic policy approach:

  Liberalism ↔️ Regulate markets, social welfare programs

  Conservatism ↔️ Free market, reduced government spending

  Socialism ↔️ Government control of key sectors
• Liberals may support progressive taxation to reduce economic inequality.
• Conservatives often advocate for tax cuts
• What do socialists believe is the role of government in the economy?

  Collective ownership
• What type of government intervention do liberals support?

  Active intervention
• Conservatives advocate for reduced government spending and deregulation.
• What economic policy do socialists support to ensure equality?

  Redistribution of wealth
• Order the following ideologies based on their emphasis on government intervention:

  1️⃣ Conservatism

  2️⃣ Liberalism

  3️⃣ Socialism
• Liberals may support progressive taxation, while conservatives may advocate for tax cuts
• Match the ideology with its economic policy approach:

  Liberalism ↔️ Regulate markets, social welfare programs

  Conservatism ↔️ Free market, reduced government spending

  Socialism ↔️ Government control of key sectors
• What do liberals believe is the role of government in reducing economic inequality?

  Promote government intervention
• Socialists consider economic inequality fundamentally unjust
• What economic policy do liberals support to address economic inequality?

  Progressive taxation
• Match the ideology with its economic policy approach:

  Liberalism ↔️ Active intervention, social welfare programs

  Conservatism ↔️ Limited intervention, free markets

  Socialism ↔️ Government control of key sectors
• Order the following ideologies based on their emphasis on individual responsibility:

  1️⃣ Socialism

  2️⃣ Liberalism

  3️⃣ Conservatism
• Different ideologies have distinct views on the role of government
• Conservatism advocates for a free market and reduced government spending
• What is the economic policy of socialism?

  Government control of key sectors
• Liberals believe in active government intervention to regulate markets.
• Socialists support the redistribution of wealth
• What is an example of a policy supported by liberals?

  Environmental regulations
• Match the ideology with its economic policy example:

  Liberalism ↔️ Progressive taxation

  Conservatism ↔️ Deregulation

  Socialism ↔️ Universal healthcare
• Political ideology shapes economic policy by influencing perspectives on the government's role
• What is an example of a tax policy advocated by conservatives?

  Tax cuts
• Socialists believe that economic inequality is fundamentally unjust.
• Liberals believe in progressive taxation to fund social safety nets
• Match the economic policy with its ideological preference:

  High progressive taxes ↔️ Socialism

  Lower flat taxes ↔️ Conservatism

  Strong regulations ↔️ Liberalism
• What is the primary goal of conservatives regarding taxation?

  Stimulate economic growth