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    Ne·o·lib·er·al
    /ˌnēōˈlibər(ə)l/

    adjective

    • 1. favoring policies that promote free-market capitalism, deregulation, and reduction in government spending: "neoliberal economists"

    noun

    • 1. an advocate or supporter of free-market capitalism, deregulation, and reduction in government spending: "neoliberals believe that business is often overregulated and welfare is underregulated"