46+ Economic Liberalism
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. In the first volume and three in. Economic liberalism is a political and economic philosophy based on strong support for a market.

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Economic liberalism is an economic system organized on individual lines, which means although economic liberals can also be supportive of government regulation to a certain degree, they tend to. Economic liberalism gives full primacy to the market, while developmentalism combines state and market in a more balanced way. Economic liberalism can be supportive of public enterprise for the provision of public goods.

Historically, economic liberalism arose in response to mercantilism and feudalism.

Historically, economic liberalism arose in response to mercantilism and feudalism. Economic liberalism is an economic system organized on individual lines, which means the greatest possible number of economic decisions are made by individuals or households rather than by collective institutions or organizations. An economic ideology which favors less government intervention in the economy, supporting privatization, trade liberalization, deregulation. Economic liberals generally argue that higher degrees of political and economic freedom in the form of free trade in the developed world are ends in themselves.

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