Free Market: The free market refers to an economic system where prices are determined by supply and demand with minimal government interference. Libertarians strongly support a free market economy.
Small Government: Small government refers to a system where the role of the state is limited to essential functions such as national defense, law enforcement, and protection of individual rights. Libertarians advocate for reducing the size and scope of government.
Individual Rights: Individual rights refer to fundamental freedoms and protections granted to individuals by law, such as freedom of speech, religion, and property rights. Libertarians emphasize protecting individual rights from infringement by both private entities and governments.