The word liberalism is derived from the Latin word ____.

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Detailed Solution

The word liberalism is derived from the Latin word liber. The Latin word "liber" implies "free". In terms of politics, liberalism favours a form of governance based on popular consent and advocates the eradication of despotism and ecclesiastical privileges. Liberalism also emphasises the need to protect private property and is closely related to individual freedom and legal equality. The liberal rule refers to the parliamentary government that is elected. Liberalism is also an economic philosophy that advocates open markets and the elimination of restrictions on commerce. Liberalism means unrestricted suffrage for women.

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