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Answer the Following Question. Interpret the Concept of 'Liberalisation' in the Field of the Economic Sphere During the Nineteenth Century in Europe. - Social Science

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Question

Answer the following question.
Interpret the concept of 'liberalisation' in the field of the economic sphere during the nineteenth century in Europe.

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Solution

The ideology of liberalism is very broad and comprehensive and it became popular in the early 19th century. The term ‘liberalism’ is derived from the Latin word liber, meaning free. Economically, The ideology propagated natural right to Property and stood for the freedom of markets and the abolition of state-imposed restrictions on the movement of goods and capital.
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Making of a Global World - Nineteenth Century Global Economy, Colonialism
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2018-2019 (March) 32/1/1
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