What did liberalism stand for the economic sphere?
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Interpret the concept of ‘liberalism’ in the field of economic sphere during the nineteenth century in Europe. [Delhi 2019]
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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 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.
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