Topic 0 Flashcards
1
Q
Key Terms of Liberalism:
A
Individual liberty, equality, democracy and the rule of law, free markets (with minimum government intervention), tolerance and pluralism.
2
Q
Neo-liberalism:
A
Promotes globalisation, free trade, and privatisation. Supports markets and individual initiative.
3
Q
The invisible hand.
A
How people acting in their own service unintentionally contribute to the overall well being of the society.
