Conservative Economic Policies

Definition

These are economic policy approaches favored by those who hold conservative political views. They often emphasize free-market mechanisms, private enterprise, fiscal austerity, deregulation, and lower taxes.

Related terms

Supply-side Economics: An economic theory that argues economic growth can be most effectively created by lowering taxes and decreasing regulation.

Fiscal Conservatism: A political-economic philosophy regarding fiscal policy and fiscal responsibility advocating low taxes, reduced government spending and minimal government debt.

Deregulation: The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.