Question

hi, frns plz help this question.what do you mean liberalism in economics sphere???☺️☺️

Answer 1

Economic liberalism is an economicsystem organized on individual lines, which means the greatest possible number of economic decisions are made by individuals or households rather than by collective institutions or organizations. ... Historically,economic liberalism arose in response to mercantilism and feudalism.
The term ' liberalism ' derives from the Latin root liberal, meaning free. Liberalism is a political philosophy or worldview founded on ideas of liberty and equality. For the new middle classes liberalism stood for freedom for the individual and equality of all before the law.
In the economic sphere, liberalism stood for the freedom of markets and the abolition of state- imposed restrictions on the movement of goods and capital. During the nineteenth century this was a strong demand of the emerging middle classes.
Liberalism is a political and moral philosophy based on liberty and equality. ... The early waves of liberalism popularised economic individualism while expanding constitutional ...

Answer 2

The term ' liberalism ' derives fom the latin root liber, meaning free.Liberalism is a political philosophy or worldview founded on ideas of liberty and equality. For the new middle classes liberalism stood for freedom for the individual and equality of all before the law.

=>Economical Liberalism stood for the freedom in markets and the abolition of state imposed restrictions on the movement of goods and capital In 1834, a customs union or zollverein was formed at the initiative of prussia and joined other german states