Liberal Economic Model of Policy
The Liberal Economic Model of Policy emphasizes free markets, minimal government intervention, and individual entrepreneurship. It advocates for the idea that economic growth is best achieved when individuals and businesses operate freely, allowing supply and demand to dictate prices and production. This model supports competition, which is believed to lead to innovation and efficiency.
In this framework, government roles are primarily focused on maintaining the rule of law, protecting property rights, and ensuring a stable monetary environment. Policies under this model often include deregulation, tax cuts, and trade liberalization, aiming to create an environment conducive to economic freedom and growth.