Final answer:
Both classical and modern liberalism prioritize individualism as the essential characteristic, but while classical focuses on natural rights and limited government, modern liberalism additionally supports government intervention for equality and social welfare.
Step-by-step explanation:
Both classical and modern liberalism regard individualism as the essential value or principle.
Individualism is a core concept in both classical and modern liberal ideologies. It emphasizes the importance of individual rights, autonomy, freedoms, and self-reliance. Both strands of liberalism prioritize the protection of individual liberties from undue interference by the state or other entities.
Classical liberalism, stemming from the 18th and 19th centuries, emphasized limited government intervention in the economy and society to safeguard individual freedoms. It championed concepts such as natural rights and the rule of law.
Modern liberalism, evolving in the 20th century, continued to emphasize individual rights but also acknowledged the role of government in addressing social and economic inequalities. It advocated for social welfare programs and government intervention to ensure equal opportunities for all individuals.
In both cases, individualism stands as a fundamental value, emphasizing the importance of personal freedoms, self-determination, and the rights of individuals within society.