Economic bias

Definition

Economic bias in the context of interest groups, political parties, and elections refers to the inclination or prejudice for or against one group, idea, or policy based on economic interests rather than objective judgment. This can affect political decisions and policies, favoring those with greater economic power.

Related terms

Interest Groups:

Organizations formed by individuals or companies to promote their own interests or causes through lobbying and other forms of advocacy.

Lobbying:

The act of attempting to influence decisions made by officials in the government, often by interest groups or lobbyists.

Campaign Finance:

Refers to the funding of political campaigns, which can be a significant source of economic bias when contributions lead to favorable treatment or access to policy makers.