Economic opportunity refers to the support that a society provides to individuals that enables them to thrive in the economy. This support can take many forms, such as access to education and training, adequate healthcare and social services, and a fair and just legal system. Economic opportunity is distinct from an individual’s talent, motivation, and self-discipline, as some people with many opportunities may still fail to thrive, while others with limited opportunities may overcome adversity and succeed. Ultimately, a society that provides economic opportunity to all its members is more likely to be prosperous and fair, as it enables individuals to contribute to the economy and reach their full potential.
Here are a few examples of how economic opportunity:
- Providing access to quality education and training programs that equip individuals with the skills and knowledge they need to succeed in the economy.
- Offering support and resources to entrepreneurs and small businesses, such as access to capital, mentorship, and networking opportunities, to help them grow and thrive.
- Implementing policies that promote equality and inclusiveness in the labor market, such as equal pay for equal work, anti-discrimination laws, and parental leave policies.
- Investing in infrastructure, such as transportation networks, communications systems, and energy grids, to support economic growth and development.
- Providing social services, such as healthcare, housing assistance, and food assistance, to help individuals and families meet their basic needs and participate in the economy.
The following is a list economic opportunities.
|Access to Financing
|Access to Markets
|Access to Technology
|Citizenship & Resident Status
|Freedom from Discrimination
|Health & Wellness
|Licenses, Permits & Certifications
|Low Corruption & Cronyism
|Low Red Tape
|Low Tax Burden
|Quality of Life