Question

In the economic spheres , what does Liberalism mean​

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:

As an economic system, economic liberalism is organized on individual lines, meaning that 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.