Question

what do you mean by liberals? explain this term in political and economic sphere.​

Answer 1

Answer:

Liberalism definition is - the quality or state of being liberal.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. Liberalism is a political and moral philosophy based on liberty, consent of the governed and equality before the law.Liberals also ended mercantilist policies, royal monopolies and other barriers to trade, instead promoting free trade and free markets.