Liberal Economic Policy refers to an approach that emphasizes free markets, minimal government intervention, and individual entrepreneurship. It advocates for the idea that economic growth is best achieved when businesses operate freely, allowing supply and demand to dictate prices and production. This policy often supports trade liberalization, deregulation, and privatization of state-owned enterprises. Proponents of Liberal Economic Policy argue that it leads to increased efficiency, innovation, and consumer choice. By reducing barriers to trade and investment, such policies aim to create a competitive environment that benefits both businesses and consumers. Critics, however, may point to potential inequalities and market failures that can arise from such an unregulated approach.