The philosophy that social progress comes when individuals freely pursue their self-interests in unregulated markets is known as:

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The philosophy of economic liberalism emphasizes individual freedom and choice, and promotes unregulated markets as the best way to achieve social progress by allowing individuals to pursue their self-interests. Socialism, on the other hand, supports collective ownership and control of resources and production. Mercantilism is an outdated economic theory that focuses on a country's trade balance and accumulation of wealth. Imperialism refers to the political and economic expansion of one country over another.

The Philosophy That Social Progress Comes When Individuals Freely Pursue