what were the main aspects of economic liberalism ?
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- ===>>> It was an ideology that stood for freedom for the individual and equality of all before the law. ... Economically, liberalism stood for freedom of markets, end of state restrictions on movement of goods and capital, creation of unified economic territory allowing unhindered movement of goods, people and capital.
- ===>>> Neoliberalism is contemporarily used to refer to market-oriented reform policies such as "eliminating price controls, deregulating capital markets, lowering trade barriers" and reducing state influence in the economy, especially through privatization and austerity.
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In Economics sphere, liberalism stood for the freedom of Markets and the abolition of state imposed restrictions on the movement of goods and capitals.
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