Distinction Between Conservatism and Liberalism on Economic Policy

In the context of political ideologies in the United States, two prominent perspectives are conservatism and liberalism. Conservatism generally advocates for limited government intervention in the economy, traditional social values, and a strong national defense. In contrast, liberalism typically supports government involvement in economic regulation, social justice, and environmental protection.

Considering these characteristics, which statement accurately characterizes the primary distinction between conservatism and liberalism as it relates to economic policy?