Differentiate between the theories of liberalism, conservatism, utilitarianism, and socialism

Question

What will be an ideal response?

Answer 1

Although capitalism made many people wealthy and countries powerful, it had deleterious effects on much of the population as well, particularly the workforce. Matters of social reform were hotly debated among intellectuals of the time, and ideologies were formed that dictated specific policies of political and economic action.
Conservativesstressed the importance of maintaining order and perpetuating conventional power structures and religious authority. Liberals, on the other hand, whose ideas were rooted in Enlightenment theories of human progress and perfectibility supported gradual reform through enlightened legal systems, constitutional guarantees, and a generally equitable distribution of material benefits. Utilitarianism, advanced by the British liberal Jeremy Bentham, held that governments should work to secure "the greatest happiness for the greatest number of people."
For socialists, neither conservatism nor liberalism responded adequately to current social and economic inequities. Socialists attacked capitalism as unjust; they called for the common ownership and administration of the means of production and distribution in the interest of a public good. Society, according to the socialists, should operate entirely in the interest of the needs of the people, communally and cooperatively, rather than competitively.