Main Entry: con·ser·va·tism

Pronunciation: \kən-ˈsər-və-ˌti-zəm\

Function: noun

Date: 1832

1 capitalized a : the principles and policies of a Conservative party b : the Conservative party
2 a : disposition in politics to preserve what is established b : a political philosophy based on tradition and social stability, stressing established institutions, and preferring gradual development to abrupt change; specifically : such a philosophy calling for lower taxes, limited government regulation of business and investing, a strong national defense, and individual financial responsibility for personal needs (as retirement income or health-care coverage)
3 : the tendency to prefer an existing or traditional situation to change