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You’re thinking of the political compass there, which has two axes, one being the economic one (left/right) and the other being the Authoritarian (top) vs Libertarian (bottom) axis.
But the left/right most people use is a one-dimensional system which puts everything on that one axis. It’s based on how the French parliament used to be set up between the radical left and the aristocratic right.
The point being, the two left/right axes aren’t equivalent. I personally also think in the political compass, that’s the system we learnt in school, so I’m unclear on what falls where on the basic left/right axis. But Wikipedia has this to say: