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A car company's executives make hundreds of times the income of the laborers in its factories. A person who says the government should assume control of the company to make it a government agency embodies which of the following economic ideologies most? Feudalism Capitalism Socialism Communism

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Answer: The person embodies the economic ideology of socialism by suggesting government control of the car company to make it a government agency.

Step-by-step explanation:

The person who proposes government control of the car company to transform it into a government agency aligns with the economic ideology of socialism. Socialism aims to address income inequality and advocate for collective ownership of industries and resources. In this scenario, the vast income disparity between the car company's executives and laborers highlights the perceived unfairness of capitalism. By advocating for government control, this person seeks to establish a system where the means of production are owned and managed collectively, with the goal of creating a more equitable distribution of wealth and power within society.

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