Economic discrimination is a term that describes a form of discrimination based on economic factors. These factors can include job availability, wages, the prices and/or availability of goods and services, and the amount of capital investment funding available to minorities for business. The term is broadly used in economic research, and includes discrimination against workers, consumers, and minority-owned businesses.
It is not the same as price discrimination, the practice by which monopolists (and to a lesser extent oligopolists and monopolistic competitors) charge different buyers different prices based on their willingness to pay.
Other articles related to "economic discrimination, economic":
... international commerce theorists have suggested that economic discrimination goes far beyond the bounds of individuals or businesses ... The largest scale forms of economic discrimination, and the widest ranging, affect entire nations or global regions ... Many consider that an open world economic system (globalization), which includes world bodies such as the International Monetary Fund (IMF), World Bank, and International Bank for Reconstruction and Development ...
Famous quotes containing the word economic:
“Just as men must give up economic control when their wives share the responsibility for the familys financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.”
—Augustus Y. Napier (20th century)