Question
__ is an ideology based on the right of individuals to compete in the capitalist marketplace to acquire consumer goods and wealth within a system of free markets and free trade supported by the state. A Conservatism B Neoconservatism C Crony capitalism D Neoliberalism
Solution
4.7
(263 Votes)
Blair
Professional ยท Tutor for 6 years
Answer
The answer is **D. Neoliberalism**.Here's why:* **Neoliberalism** emphasizes individual liberty, free markets, and limited government intervention. It promotes policies such as deregulation, privatization, and free trade, aiming to create a system where individuals can pursue wealth through competition in the capitalist marketplace. This aligns perfectly with the description in the question.Let's look at why the other options are incorrect:* **Conservatism** is a broad ideology encompassing various beliefs, but it generally emphasizes tradition, order, and individual responsibility. While some conservatives may support free markets, it's not the defining characteristic of conservatism.* **Neoconservatism** is a branch of conservatism that emerged in the late 20th century. It often focuses on foreign policy interventionism and a strong national defense, not solely on free-market principles.* **Crony capitalism** refers to an economic system where success in business depends on close relationships between business people and government officials. This is the opposite of the free market ideal promoted by neoliberalism.