Akademik

a political party (especially in Great Britain or Australia) that believes in the importance of a capitalist economy with private ownership rather than state control

the Conˈservative Party [Conservative Party] noun singular + singular or plural verb

one of the main British political parties, on the political right, which especially believes in ↑free enterprise and that industry should be privately owned

The Conservative Party developed from the old Tory Party in the 1830s and is still sometimes called by this name. It is a right-wing party, supporting capitalism and free enterprise (= an economic system in which there is open competition in business and trade, and no government control). It formed the government in Britain from 1979 to 1997, during which time its leaders were Margaret Thatcher and then John Major. David Cameron became party leader in 2005.