Neoliberal policies

Definition

Neoliberal policies refer to economic strategies that prioritize free markets, limited government intervention, and deregulation. These policies aim to promote economic growth and development through the privatization of industries and reduction of social welfare programs.

Related terms

Austerity measures: Policies that involve reducing government spending, increasing taxes, or both, usually implemented during economic downturns.

Deregulation: The removal or relaxation of government regulations on businesses and industries.

Privatization:

The transfer of ownership or control of a public sector entity to private owners or investors.