To match each economic ideology with its correct example, we can break it down as follows:
1. Capitalism:
- Example: a business exists mostly to benefit the individual owner
2. Socialism:
- Example: a business is directed by the government to ensure a fairer society
3. Communism:
- Example: a business is completely owned and controlled by the government
4. Fascism:
- Example: a business exists only to serve the nation
By understanding the core principles of each economic ideology, we can correctly match them with their corresponding examples. In capitalism, businesses are primarily driven by individual profit motives. Socialism emphasizes government intervention to promote equality and social welfare. Communism advocates for total government ownership and control of businesses. Fascism prioritizes businesses serving the nation's interests above all else.
