key term - Libertarianism

Definition

Libertarianism is a political philosophy that emphasizes individual liberty as its key principle, advocating minimal state intervention in the lives of citizens. It supports free-market capitalism, private property rights, and the reduction of government powers to only those necessary to protect individual freedom.

Related terms

Individual Liberty:

The right of individuals to act freely within a society without undue restriction from government or other individuals.

Free: Market Capitalism - An economic system based on supply and demand with little or no government control.

Minimal State: A concept where the government's responsibilities are limited to protecting individuals' rights against force, fraud, and theft, leaving other activities to private enterprise and voluntary associations