Definition, Meaning & Synonyms

liberal-capitalism

Noun

/ˈlɪb.ər.əl ˈkæp.ɪ.təl.ɪ.zəm/

Definition

A political and economic system that combines a free-market economy with individual liberties and limited government intervention.

Examples

In a liberal-capitalism framework, businesses operate competitively without excessive regulation.
The country’s shift towards liberal-capitalism spurred innovation and economic growth.
Critics argue that liberal-capitalism can lead to inequality if not balanced with social policies.

Meaning

Liberal capitalism emphasizes the importance of individual rights and the free market, believing that economic freedom leads to prosperity and human welfare.