All Subjects
Light
collapse
Practice Quizzes
AP US Government
Unit 4 – American Political Ideologies and Beliefs
Topic 4.9
How does the economic ideology of socialism contrast the laissez-faire capitalism upheld by classical liberals?
Socialism propagates free market mechanisms, much like laissez-faire capitalism.
Both promote individual ownership and minimal government involvement in the economy.
They both advocate for collective ownership and operation of all economic facilities.
Socialism calls for collective ownership and operation of means of production, while laissez-faire capitalism insists on individual/private control.
Related content
Practice quizzes
Practice this subject
Practice this unit
Practice this topic
Study guides (1)
AP US Government - 4.9 Ideology and Economic Policy
Key terms
Laissez-Faire Capitalism
Socialism
Economic Ideology
About Us
About Fiveable
Blog
Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
Report an Issue
Stay Connected
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
About Us
About Fiveable
Blog
Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
Report an Issue
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
Back
Practice Quiz
Guides
Glossary
Guides
Glossary
Next
