Economic conservatism is an ideology that emphasizes limited government interference in the economy, low taxes, reduced regulation, and free-market capitalism. It promotes individual initiative and believes that economic growth is best achieved through private enterprise rather than extensive government involvement.
Related terms
Supply-side economics: An approach focused on stimulating economic growth by reducing tax rates to incentivize production and investment.
Trickle-down theory: The belief that benefits given to wealthy individuals will eventually "trickle down" to benefit those lower on the socioeconomic ladder.
Neoliberalism: A political ideology advocating for free markets, privatization, deregulation, and reduced state intervention in the economy.