Political ideologies significantly influence economic policies through their underlying principles. For example, liberalism typically advocates for free markets and minimal government intervention, while socialism emphasizes wealth redistribution and state control of resources. These ideologies shape decisions on taxation, regulation, and public spending. Additionally, leaders might adopt policies reflective of their ideology to gain or maintain popular support. Consequently, political ideologies act as a lens through which economic challenges are interpreted and addressed, impacting overall economic growth and stability.