Governing that is based on the premise that the market is the optimal way of allocating public as well as private resources is called
A) democratic.
B) "free market."
C) a welfare state.
D) neoliberal.
E) postindustrial.

Question

Quizplus · Accepted Answer

Neoliberalism is an approach to governance that emphasizes the efficiency of private enterprise, liberalized trade, and relatively open markets, suggesting that the market is the best mechanism for resource allocation.

Governing That Is Based on the Premise That the Market