1)A term for people who learn towards the right side of the political spectrum. Like all political idealogies, it has both good and bad points.
2)(In America) A political affliation. Conservatives tend to believe in people taking care of themselves with as little government help as possible. They do not usually believe in social welfare systems. They also tend beleive in a strict interpretation of the Constitution in regard to the powers of the governement. Many but not all conservatives are supportive of the war in Iraq. A large portion of conservatives are Republicans.
Sadly, some conservatives (as with all groups of people) are biased and blindlly accuse liberals and other people they don't like of being "un-american" or not committed to protecting our country from terrorists.
3)a) Careful or cautious about things
b) not given to flamboyancy.
Ex. 1) A group of conservative farmers fought government laws that would regulate the amount of fertilizer they could use per year.
2) The conservative politcal commentator started attacking liberal policies, but his facts were not very good.
3)a) We need to be conservative with our firewood so it doesn't run out.
b) That's a very conservative outfit you're wearing for that job interview.
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