Final answer:
Classical liberalism, which values individual liberties and limited government, is closely related to capitalism, an economic system based on private ownership and free market principles.
Step-by-step explanation:
Classical liberalism as a political ideology is closely related to capitalism as an economic ideology. Classical liberalism is a philosophical and political ideology that promotes individual liberties and rights, emphasizing natural rights, limited government, and free trade. This ideology supports capitalism, an economic system where trade and industry are controlled by private owners for profit, rather than by the state. Fundamental to classical liberalism is the belief in the freedom of individuals to deploy their assets and labor as they see fit, which aligns with the capitalist model where individuals are free to pursue economic success in a market with limited government intervention.