Margaret Thatcher

Definition

Margaret Thatcher was the Prime Minister of the United Kingdom from 1979 to 1990. She was known for her conservative policies, which included reducing the power of trade unions, privatizing certain industries, and promoting free market economics.

Related terms

Conservatism: A political philosophy advocating for traditional institutions, limited government, and free-market capitalism.

Privatization: The transfer of ownership or control of a public service or industry to private hands.

Free Market Economics: An economic system where prices are determined by unrestricted competition between privately owned businesses.