Economic ideologies, such as capitalism and socialism, shape the extent of government intervention in markets. Proponents of capitalism advocate minimal intervention, believing it fosters innovation and economic growth, while those favoring socialism argue for increased regulation and public ownership to address inequalities. Economic theories like Keynesianism support proactive government involvement during recessions, while neoliberalism emphasizes deregulation and market freedom. Ultimately, these ideologies influence policies on taxation, labor laws, and welfare programs, reflecting broader beliefs about the role of government in shaping economic outcomes.