Question

what did economic liberalism stands for​

Answer 1

Answer:

Explanation:

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 century.

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Answer 2

Economic liberalism is a political ideology based on organizing the economy on lines of individual freedom. This means that economic decisions are made by the individual, not an organization.