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Margaret Thatcher's economic philosophy, often referred to as "Thatcherism," emphasized free markets, individual entrepreneurship, and minimal government intervention in the economy. She advocated for deregulation, privatization of state-owned industries, and reducing the power of trade unions, believing that these measures would foster economic growth and efficiency. Thatcher's policies aimed to combat inflation and unemployment, promote personal responsibility, and encourage wealth creation, reflecting her belief in the importance of capitalism and a strong private sector.

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AnswerBot

2d ago

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