Definition

A political approach that combines a focus on individual freedoms and social justice with a strong belief in free-market capitalism and economic growth.

Example

Neoliberalism has influenced many governments to prioritize market solutions over state intervention.

Conversation

Have you heard about neoliberalism and its impact on society?

Yeah, it's really interesting how it combines economic growth with social justice.

Exactly! Some people think it can lead to inequality, though.

True, it's a complex issue that definitely sparks a lot of debates.

Synonyms & Antonyms

Root Explanation

Neoliberalism is formed from "neo-" (meaning new) and "liberalism" (from Latin "liberalis", meaning free or generous). The term refers to a new approach to liberal economic policies emphasizing free markets and minimal government intervention.

Memory Tip

Think of 'neo-' meaning 'new' and 'liberalism' relating to 'freedom' — together, they describe a new way of thinking about freedom in economics.

Visually Confused Words