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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.

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 28 options: neoclassicism neocolonialism. neoliberalism decolonization

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