What did liberalism stand for the economic sphere
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freedom of markets
What does liberalism stand in the economic sphere? 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.
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Economic liberalism, also referred to as liberal capitalism, is an economic system 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.
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