li
be
ra
li
sm
1
the political belief that promotes personal freedom, democracy, gradual changes in society, and free trade
- Liberalism emphasizes the importance of individual rights and freedoms, advocating for a society where people can express their views openly.
- The principles of liberalism support democratic governance, ensuring that power is distributed and checked through free and fair elections.
- Advocates of liberalism often push for gradual social reforms to address inequalities and enhance the welfare of all citizens.
- Free trade is a cornerstone of liberalism, promoting open markets and economic cooperation between nations to foster global prosperity.
- Critics argue that liberalism can sometimes overlook the needs of marginalized groups, but its proponents believe that personal freedom and democratic institutions ultimately benefit everyone.
2
an economic doctrine advocating free markets, competition, and minimal government intervention
- The nation embraced liberalism to encourage entrepreneurship.
- Economists argue that liberalism can increase efficiency.
- Free trade agreements are influenced by economic liberalism.
- The textbook explained the evolution of liberalism in global economics.
- Liberalism promotes competition as a driver of growth.