neoliberalism
noun/ˌniːoʊˈlɪbərəlɪzəm/
Frequency rank: #15,881 most common English word
Meaning
An economic and political ideology favoring free markets, deregulation, privatization, and reduced government spending.
Example sentence
Critics argue that neoliberalism has widened the gap between the rich and the poor over the past few decades.
Synonyms & related words
- capitalism
- free-market
- privatization
- deregulation
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