Question

define the term liberalism of economy​

Answer 1

Answer:

Economic liberalism is a political and economic philosophy based on strong support for a market economy and private property in the means of production. ... Economic liberalism is associated with free markets and private ownership of capital assets.

Answer 2

Answer:

Economic liberalism is associated with free markets and private ownership of capital assets. Historically, economic liberalism arose in response to mercantilism and feudalism. Today, economic liberalism is also considered opposed to non-capitalist economic orders such as socialism and planned economies.

Explanation:

#Hope_it_Helps