Final answer:
Economic racism refers to financial inequality for certain ethnic groups, often resulting from systematic discrimination based on race. Examples include redlining and discriminatory laws and hiring practices in the United States.
Step-by-step explanation:
Economic racism refers to something that causes financial inequality for certain ethnic groups. It is a form of systematic discrimination where individuals or groups are disadvantaged in terms of employment, wages, education, housing, and other economic opportunities, based on their race or ethnicity.
For example, redlining is a historical practice in the United States where banks and other financial institutions denied loans or insurance to people living in predominantly Black neighborhoods, perpetuating economic disparities.
Laws and policies such as segregation, Jim Crow laws, and discriminatory hiring practices have also contributed to economic racism in the United States.
Learn more about economic racism