noun
economic liberalism
Refers to the ideology advocating minimal government intervention in the economy, free markets, and private property rights.
経済自由主義は市場の自由を重視する考え方です。
Economic liberalism is a way of thinking that emphasizes market freedom.
彼は経済自由主義の立場から規制緩和を主張した。
He argued for deregulation from the standpoint of economic liberalism.
Neoliberalism is a modern revival of economic liberalism, often associated with policies like privatization and austerity, whereas 経済自由主義 is the broader classical concept.
Laissez-faire is a more extreme form of economic liberalism that advocates virtually no government intervention at all.
Compound of 経済 (economy) + 自由主義 (liberalism). The term is a direct translation of the English 'economic liberalism'.