terms

Neoliberalism

Economic theory advocating for free markets and minimal government intervention

Market Liberalization

Allowing goods, services, and capital to move freely across borders without tarifs or restrictions

Privatization

Transferring ownership of businessess or services from public sector (government) to the provate sector (businessess)

Deregulation

Removing laws and regulations that restrict the way businessess can operate

Fiscal Austerity

Cutting government spending, particularly on social programs