Which term fits this description: A modern politico-economic theory favouring free trade, privatization, minimal government intervention in business, reduced public expenditure on social services, etc. The term is contemporarily used to refer to market-oriented reform policies such as "eliminating price controls, deregulating capital markets, lowering trade barriers" and reducing state influence in the economy, especially through privatization and austerity. Question 4 options: neoclassicism neocolonialism. neoliberalism decolonization