Question

in the economic terms what did liberalism stand for​

Answer 1

Explanation:

it stood for the fact that a country's economy and investment is open . tax tarrifs are liberalised.

Answer 2

The Liberalism in terms of economy means economic gradation and organization of the system of economy which depends upon the individual and defines the economy on whole.

Explanation:

The liberalism imply the involvement of each and every individual in it. The opposite of liberalism was feudalism which was the economy run by the mercantile or the institutions established for the same in a collective manner. Liberalization and Globalization came hand in hand in the $20^{th}$ century.