Which of the following statements accurately reflect the positions of liberal and conservative ideologies on economic issues? Select all that apply.

Liberal and conservative ideologies have different views on economic issues. Liberals generally believe in a larger role for government in the economy, supporting policies that help reduce inequality, like higher taxes on the wealthy to fund social programs. For example, they might advocate for increased minimum wage laws to help workers earn a better living. On the other hand, conservatives often prefer a smaller government role, emphasizing free markets and individual responsibility, believing that less regulation can lead to more economic growth. They might argue that lowering taxes can encourage businesses to invest and create jobs, benefiting everyone in the long run.