Term Definition
The process of removing or simplifying legal and administrative constraints on the economy and entrepreneurial activity – often with the intent of allowing markets to operate more freely and smoothly and hence to become more efficient or with the intent of opening up new areas of trade. Deregulation is different from liberalization because a liberalized market, while often having fewer and simpler regulations, doesn’t preclude the possibility of strict regulation in order to
A process whereby power is transferred from a central authority (eg, a government) and vested in a regional or local authority (eg, a municipal council).
DIRECT DEMOCRACY refers to a system whereby CITIZENs influence government directly (ie, not only through elections). Plebiscites / referendums / constitutional initiatives (USA) are the instruments of DIRECT DEMOCRACY. They may be consultative (a government is not obliged to act) or mandatory (a government must put the CITIZENs’ decision into effect). Cf, REPRESENTATIVE DEMOCRACY.

Juan Manuel Agüero

Education is a fundamental democratic value that allows for the development of each individual and the society to which it belongs. Education involves the transformation of the individual and improvement through the acquisition of knowledge. Education has conceptual, skills- related, moral and attitudinal dimensions. To educate oneself is a responsibility of all citizens and members of society.

Majda Zeherovic

The Age of Enlightenment was an 18th century movement in Western philosophy. It was an age of optimism, tempered by the realistic recognition of the sad state of the human condition and the need for major reforms. The Enlightenment was less a set of ideas than it was a set of attitudes. At its core was a critical questioning of traditional institutions, customs, and morals.

The era is marked by such political changes as governmental

Renu Pokharna

Capitalism refers to the economic system where the means of production are privately owned and are exploited solely for profit. In a capitalist economy government intervention is minimal and pricing is essentially controlled by the 'invisible hand' of the market. 'Laissez Faire' or 'let do' is the norm of free markets. It is believed that markets and trade function best when there is little or no state intervention and only minimal taxation (no more than

Aili Huang

Free trade is a market-based principle that requires that the exchange of goods and services between or within countries is unobstructed by government-imposed restrictions and controls. Free trade enhances competition and breaks down local protectionism. And also enhances the profitability of local industries by enabling them to shop around for better deals, and thus helping them to reduce their costs of production and improve the quality of their goods.

Diego de Melo Conti
Political freedom is the absence of interference in the sovereignty of an individual. The members of a free society have full dominion over their public and private lives. The opposite of a free society would be a totalitarian state that restricts political freedom in order to regulate almost every aspect of behaviour. In this sense ‘freedom’ refers solely to the relation of men to other men, and the only infringement on it is coercion by men.
Freedom is a mental condition – a condition of the spirit. All of us are free, if we but choose to acknowledge it. To borrow from Rose Wilder Lane, freedom is control of self. The essence of your "self" is your mind, soul, and spirit. We all are always free to change our thoughts, improve our knowledge and understanding, and change our attitudes and beliefs – the inner part of each of us. Liberty is a condition of the physical body: the absence of physical restraints.
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Compiled and edited by Dr. Stefan Melnik, a senior advisor to the Friedrich Naumann Foundation as well as political communication trainer, editor and author of many books on liberalism. Names of outside contributors are respectively mentioned under the terms.

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