liberalism

Noun
  1. A political orientation that favors social progress by reform and by changing laws rather than by revolution (synset 106228560)
    is a type of: ideology, political orientation, political theory - an orientation that characterizes the thinking of a group or nation
    subtypes: neoliberalism - a political orientation originating in the 1960s; blends liberal political views with an emphasis on economic growth
  2. An economic theory advocating free competition and a self-regulating market (synset 106004479)
    is a type of: economic theory - (economics) a theory of commercial activities (such as the production and consumption of goods)

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