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Liberalism

British pronunciation/lˈɪbəɹəlˌɪzəm/
American pronunciation/ˈɫɪˌbɝəˌɫɪzəm/
Liberalism
[NOUN]
1

the political belief that promotes personal freedom, democracy, gradual changes in society, and free trade

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2

an economic theory advocating free competition and a self-regulating market

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3

political beliefs and opinions that are beneficial to the welfare and progression of society

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Examples
1Like, liberalism in the 19th century meant limited government and free-market economics.
2What is liberalism, democracy and capitalism.
3So, republicanism and liberalism were undermining traditional political authority.
4Some people subscribe to John Stuart Mill's liberalism.
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