True or false liberal democrats advocate for a free market economy.

Question: True or false liberal democrats advocate for a free market economy.

Answer: False.

Liberal Democrats advocate for government intervention and regulation in the economy to promote equality, stop monopolies, correct negative externalities and basic social services. For instance, Liberal Democrats support policies such as environmental regulations and consumer protections. They also stand behind the idea of some welfare, health protection and education from government’s side. Instead of a completely free market, the Liberal Democrats believe that there is an important role for government to play in regulating business and redistributing wealth as well as empowering workers not simply providing opportunities but ensuring those same opportunities are distributed appropriately. Although being economically left of center, Liberal Democrat economic ideology does not advocate for a market that is entirely free and unlimited by regulations . Their views find the middle ground between government involvement in economic activities and market mechanism allocating resources effectively.