Economic philosophies shape political ideologies by providing a framework for understanding wealth distribution, government intervention, and social welfare. For example, capitalism emphasizes free markets and limited government, inspiring political ideologies that prioritize individual freedom and private property. In contrast, socialism advocates for collective ownership and equitable resource distribution, leading to political movements focused on social justice and equality. These economic views influence policy priorities and voters’ preferences, ultimately impacting elections and governance. Understanding these relationships is key to grasping the broader political landscape.