Economic ideologies refer to the different beliefs and theories about how an economy should be organized and managed, including the role of government, distribution of resources, and regulation of markets.
Related terms
Socialism: An economic system in which the means of production are owned or controlled by the state or community as a whole.
Capitalism: An economic system characterized by private ownership of property, competition in markets, and limited government intervention.
Keynesian Economics: An economic theory that advocates for active government intervention during periods of recession or depression to stimulate aggregate demand and stabilize the economy.