Any action, practice, or belief that reflects the racial worldview—the ideology that humans are divided into separate and exclusive biological entities called “races,” that there is a causal link between inherited physical traits and traits of personality, intellect, morality, and other cultural behavioral features, and that some “races” are innately superior to others. Racism was at the heart of North American slavery and the overseas colonization and empire-building activities of some western Europeans, especially in the 18th century. The idea of race was invented to magnify the differences between people of European origin in the U.S. and those of African descent whose ancestors had been brought against their will to function as slaves in the American South. By viewing Africans and their descendants as lesser human beings, the proponents of slavery attempted to justify and maintain this system of exploitation while at the same time portraying the U.S. as a bastion and champion of human freedom, with human rights, democratic institutions, unlimited opportunities, and equality. The contradiction between slavery and the ideology of human equality, accompanying a philosophy of human freedom and dignity, seemed to demand the dehumanization of those enslaved. By the 19th century racism had matured and the idea spread around the world. Racism differs from ethnocentrism in that it is linked to physical and therefore immutable differences among people. Ethnic identity is acquired, and ethnic features are learned forms of behaviour. Race, on the other hand, is a form of identity that is perceived as innate and unalterable. In the last half of the 20th century several conflicts around the world were interpreted in racial terms even though their origins were in the ethnic hostilities that have long characterized many human societies (e.g., Arabs and Jews, English and Irish). Racism reflects an acceptance of the deepest forms and degrees of divisiveness and carries the implication that differences among groups are so great that they cannot be transcended. Seealso ethnic group; sociocultural evolution.

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Practice of selling goods or services at different prices to different buyers, even though sales costs are the same for all the transactions. Buyers may be discriminated against on the basis of income, ethnicity, age, or geographic location. For price discrimination to succeed, other entrepreneurs must be unable to purchase goods at the lower price and resell them at a higher one.

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