Definition, Meaning & Synonyms

economic-conservatism

Noun

/ˌiː.kəˈnɒm.ɪk ˈkən.sɜː.və.tɪ.zəm/

Definition

A political and economic ideology that emphasizes limited government intervention in the economy, individual entrepreneurship, and free market principles.

Examples

Many politicians align with economic conservatism to attract voters who prefer lower taxes.
Economic conservatism often argues that free markets are the best way to achieve prosperity.
The recent policies reflect a shift towards economic conservatism in the government’s approach to fiscal matters.

Meaning

Economic conservatism advocates for policies that favor reduced government spending, tax cuts, and deregulation, aiming to promote economic growth and personal financial responsibility.