Question

Apply the terminologies; (flows), (barriers), (light) (solid) and (liquidity) to liberalism and neo-liberalism.

Answer 1

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Question:

Answer:

Terms: (flows), (barriers), (light) (solid) and (liquidity).

Liberalism is a combination of political and economic philosophy that provide a solid support to a free market economy and a free flow of goods, services and capital. Its support the liberal thinking and minimum or no barrier in the movement of the goods, services, capital, resources, technology and knowledge. Its believe in a strong social movement and individual freedom. It also giving the green light to free flow of private Capital through free market and free flow of capital and increase the liquidity in global economic system.

Neo-liberalism is a wider concept than liberalism. Neo-liberalism signifies a particular regime of liberalism, capitalism, and democracy. Here, its also provide a solid support to a free market economy and a free flow of goods, services and capital. Its support the liberal thinking and no barrier in the movement of the goods, services, capital, resources, technology and knowledge. Its believe in  strong social movement and and individual freedom democratic political system. It also giving the green light to free flow of private Capital through free market and free flow of capital and increase the liquidity in global economic system. Its support a minimum government interference and promote LPG policy globally. Its support a capitalistic system and work in the in the favor of privatization of the economy.

It is in the supporting of eliminating price controls, deregulating capital markets, lowering trade barriers and reducing state influence in the economy, especially through privatization and austerity.

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