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Economic Opportunities

Definition

Economic opportunities refer to chances for individuals or businesses to improve their standard of living through employment or entrepreneurial ventures.

Related terms

Entrepreneurship: This involves starting a new business venture from scratch, taking on financial risks in hopes of profit.

Job Market: This term refers to the supply/demand relationship between employers who offer jobs and people seeking employment.

Income Inequality: This term describes an uneven distribution of income within a population.

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