Definition and meaning of Libertarian Party: The Libertarian Party is a reform-minded political party in the United States that is committed to individual freedom, economic freedom, and personal responsibility. It stands for the idea that government should be limited to its proper role, protecting citizens from coercion and violence, and leaving room for individuals to pursue their own interests and values. The party supports greater personal and economic freedom through less government involvement in people's lives, and it generally opposes high taxes and government regulation. Libertarians generally support the free market and private property rights, oppose government monopolies, favor free trade and free immigration, oppose government censorship, and favor civil liberties such as the right to privacy. They believe that the government should not intervene in the economy, but should instead leave it to the free market to determine prices, wages, and other economic factors. Libertarians also have a generally positive view of business and free enterprise, and they oppose corporate welfare. In terms of social issues, they generally favor legalizing same-sex marriage, ending the war on drugs, and eliminating government-mandated discrimination. In short, the Libertarian Party stands for freedom and personal responsibility. It is a reform-minded party that believes government should be limited to its proper role, and that individuals should be free to pursue their own interests and values without government interference.