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Economic Dream

Definition

The Economic Dream refers to the ideal state of a thriving economy where everyone has equal opportunities for success and prosperity.

Analogy

Imagine a bustling city with skyscrapers representing economic growth, where every individual has their own ladder to climb towards their dreams.

Related terms

Wealth Inequality: Refers to the unequal distribution of wealth among individuals in a society.

Economic Mobility: The ability of an individual or family to move up or down the economic ladder over time.

Consumer Confidence: The level of optimism that consumers have about the overall state of the economy and their personal financial situation.

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© 2024 Fiveable Inc. All rights reserved.

AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.