Question

what is the political and economic aspects of conservatism

Answer 1

Fiscal conservatism (also economic conservatism or conservative economics) is a political-economicphilosophy regarding fiscal policy and fiscal responsibility advocating low taxes, reduced government spending and minimal government debt.

Answer 2

Conservatism is a political and social philosophy promoting traditional social institutions in the context of culture and civilization. The central tenets of conservatism include tradition, hierarchy, and authority, as established in respective cultures, as well as property rights. Conservatives seek to preserve a range of institutions such as organized religion, parliamentary government, and property rights, with the aim of emphasizing continuity. Adherents of conservatism often oppose modernism and seek a return to "the way things were"