In economic policy,the basic principle underlying conservatism is _____.

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The basic principle underlying conservatism in economic policy is laissez-faire, which means minimal government intervention in the economy and letting the free market determine prices, production, and consumption. This principle is based on the belief that individuals should have the freedom to pursue their economic interests without interference from the state, and that markets are the most efficient way to allocate resources and create wealth. Conservatives often argue that government regulations, taxes, and subsidies distort market outcomes and reduce economic growth, and they advocate for lower taxes, deregulation, and privatization of public services.

In Economic Policy,the Basic Principle Underlying Conservatism Is _____