After a Heated Discussion on Economic Development Strategies for Poor

question 152

Short Answer

After a heated discussion on economic development strategies for poor countries in Africa, your friend retorts "You're a neoliberalist" and then leaves. Explain what your friend meant by labelling you a neoliberalist.

---

Definitions:

Gross Rating Points

A measure in advertising that reflects the size of an audience reached by a specific advertisement or campaign, relative to the total potential audience.

Reach

Measure of consumers’ exposure to marketing communications; the percentage of the target population exposed to a specific marketing communication, such as an advertisement, at least once.

Frequency

The rate at which an event occurs or is repeated over a specific period of time, often used in statistics, communications, and media studies.

Competitive Parity

A firm’s strategy of setting prices that are similar to those of major competitors. Status Quo Pricing: A competitor-oriented strategy in which a firm changes prices only to meet those of competition.