Definition, Meaning & Synonyms

neoliberalism

Noun

/ˌniːoʊˈlɪbəˌrəlɪzəm/

Definition

Neoliberalism is a political and economic philosophy that emphasizes the value of free market competition, limited government intervention, and deregulation.

Examples

Many countries have embraced neoliberalism as a way to stimulate economic growth.
The policies of neoliberalism have sparked debates about their impact on social equality.
Critics argue that neoliberalism leads to increased inequality and social injustice.