The Notion of Individual Merit Is a Key Aspect of Neoliberalism

question 118

True/False

The notion of individual merit is a key aspect of neoliberalism. The text notes that the "fittest" will rise to positions of power and management that require specific expertise and skills and that the weak will accept lesser positons in the productive schema of a nation.

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Definitions:

Capital/Money

Financial assets or their financial value used to fund operations and investments in a business.

Entrepreneurship Stage

Describes a phase in the lifecycle of a new business venture, ranging from the idea conception to establishing the business and its eventual growth or closure.

Small Business Management

The ongoing process of owning and operating an established business.

Triggering Event

A specific occurrence that causes a process to start, or significantly impacts the course of an ongoing situation.