1. Explain what values and beliefs that help form the economic and political ideas of a person or party are? Explain how they might be shaped and how it impacts you.

In general, we can affirm that values focused on freedom and social well-being are what help to form the economic and political ideas of a person or party. However, freedom and social well-being are relative concepts that can be different between each individual. Many people associate these concepts with them and their peers and, therefore, seek to support parties that encourage these values in a more segregated and individualized way. Other people, however, have these values in a more humanistic way and seek to associate themselves with parties that share this type of thinking.

In this case, we can say that the values defended by political parties can shape people's thinking about a country's economy and politics. The problem with this, is that depending on the party, this mold can be harmful and harm people like me, who are part of social minorities, or even harm people who defend another type of thinking.