Classical liberalism

Definition

Classical liberalism is a political ideology that emphasizes individual freedom, limited government, and free markets. It advocates for the protection of civil liberties and the rule of law with an emphasis on economic freedom.

Related terms

Civil Liberties:

The fundamental rights and freedoms protected by law against unwarranted governmental or other interference.

Free Market:

An economic system based on supply and demand with little or no government control.

Limited Government:

A governing or controlling body whose power exists only within pre-defined limits that are established by a constitution or other source of authority