What type of governmental philosophy typically emphasizes a free-market economy?

The governmental philosophy that emphasizes a free-market economy is conservatism. This perspective often champions minimal government intervention in economic affairs, advocating that free markets are the most efficient mechanism for allocating resources and fostering economic growth.

Conservatives typically believe that private enterprise and competition drive innovation and efficiency, leading to better outcomes for society as a whole. This emphasis on individual responsibility and the belief that personal success is often linked to free-market practices aligns conservatism with the principles of a capitalist economy. While other philosophies may incorporate elements of market dynamics, conservatism is most firmly rooted in the idea that a free-market economy is essential for personal and national prosperity.