Economic opportunities refer to the chances that individuals or businesses have to improve their standard of living through employment, wage increases, and the development of new ventures.
Market Economy: An economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
Capitalism: An economic system characterized by private ownership of goods and services for profit.
Entrepreneurship: The activity of setting up a business or businesses, taking on financial risks in the hope of profit.
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