Define Neoliberalism

question 15

Essay

Define neoliberalism.

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Definitions:

Nonwhite Worker

A term that categorizes employees based on racial or ethnic identities other than white.

Taste For Discrimination Model

An economic model that explains how personal biases and preferences can lead to discrimination in hiring, wages, and employment practices.

Disutility

The negative satisfaction or displeasure that comes from consuming a product or engaging in an activity.

Wage Ratio

The comparison of wages between different groups, sectors, or genders, often used to analyze disparities and equality in pay.