Liberalism (Economic Liberalism)

Economic liberalism is a belief in free markets, limited government intervention, and individual entrepreneurship. It asserts that when people are free to buy, sell, and compete, it leads to innovation, efficiency, and economic growth. Economic liberals support the idea that supply and demand should determine prices and that trade barriers should be minimized to encourage global commerce. They argue that when economies operate freely, society benefits as wealth is created, opportunities arise, and resources are allocated more effectively. Essentially, economic liberalism advocates for a system where individual choices drive prosperity and progress.