Note: The spelling 'Conservatism' is also used for meaning 1.
1.
Conservatism is a political philosophy which believes that if changes need to be made to society, they should be made gradually. You can also refer to the political beliefs of a conservative party in a particular country as Conservatism.
...the philosophy of modern Conservatism.
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2.
Conservatism is unwillingness to accept changes and new ideas.
The ~ of the literary establishment in this country is astounding...
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