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Category: Miscellaneous
Word Count: 675
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liberalism

The term liberalism was adapted from Spanish to English and was taken to political terminology in the beginning of the 19th century. It comes from Latin word “libere”, which means “to let it free”. According to Kautz, Adam Smith was the first user of the word liberalism in presenting his decision of independent import and export system; “liberal import and export system”. The main concept of this decision is the maximum independence of producers and traders among the countries. The liber

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