economic opportunity

Economic Opportunity

Economic Opportunity Jonathan Poland

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 Apprenticeships
Citizenship & Resident Status Cultural Capital
Economic Freedoms Economic Growth
Economic Stability Education
Employment Fair Competition
Family Stability Financial Literacy
Free Time Freedom from Discrimination
Health & Wellness Healthcare
Housing Income
Infrastructure Institutional Support
Learning Experiences Licenses, Permits & Certifications
Low Corruption & Cronyism Low Red Tape
Low Tax Burden Nutrition
Political Stability Quality of Life
Relational Capital Role Models
Social Infrastructure Social Status
Training Programs Wealth
Work Experience Workers Rights
Working Conditions Workplace Safety
Learn More
Opportunity Cost Jonathan Poland

Opportunity Cost

Opportunity cost is the value of the next best alternative that is given up as a result of making a…

Best Practices Jonathan Poland

Best Practices

Best practices are generally accepted guidelines for achieving a specific goal. In a particular field or industry, best practices are…

Sales Planning Jonathan Poland

Sales Planning

Sales planning is the process of setting revenue and unit targets for a sales team, and developing a plan to…

Information Advantage Jonathan Poland

Information Advantage

A unique knowledge that provides a competitive edge in a specific situation is known as an information advantage. This advantage…

Job Levels Jonathan Poland

Job Levels

Job levels, also known as career levels or job grades, refer to the hierarchical structure within an organization. They are…

Variable Pricing Jonathan Poland

Variable Pricing

Variable pricing is a pricing strategy in which prices are set based on real-time data and can vary depending on…

Cost Advantage Jonathan Poland

Cost Advantage

A cost advantage refers to the ability of a company to produce a product or offer a service at a…

Channel Strategy Jonathan Poland

Channel Strategy

A channel strategy refers to the plan an organization uses to reach and interact with its customers. A channel is…

Innovation Process Jonathan Poland

Innovation Process

Innovation refers to the process of making significant improvements by taking bold steps forward, rather than making incremental progress. This…

Content Database

Search over 1,000 posts on topics across
business, finance, and capital markets.

Cash Conversion Cycle Jonathan Poland

Cash Conversion Cycle

The cash conversion cycle (CCC) is a financial metric that measures the amount of time it takes for a company…

Right to Repair Jonathan Poland

Right to Repair

The right to repair is the idea that consumers should have the right to repair their own electronic devices and…

Revenue Operations Jonathan Poland

Revenue Operations

Revenue operations, also known as RevOps, is the practice of overseeing and optimizing an organization’s core sales processes. This includes…

Customer is Always Right Jonathan Poland

Customer is Always Right

The principle that “the customer is always right” is a widely used guideline in the business world to guide customer…

Media Infrastructure Jonathan Poland

Media Infrastructure

Media infrastructure refers to the technologies, services, facilities, and outlets that are essential for the communication of information, opinions, and…

Machine Learning Jonathan Poland

Machine Learning

Machine learning is a method of teaching computers to learn from data, without being explicitly programmed. It is a type…

Agency Cost Jonathan Poland

Agency Cost

An agency cost is an inefficiency that arises when there are differences in the motivations and access to information between…

Operating Agreement Jonathan Poland

Operating Agreement

An LLC operating agreement is a legal document that outlines the rules and procedures for a limited liability company, including…

Price Promotion Strategy Jonathan Poland

Price Promotion Strategy

A price promotion is a marketing strategy that involves temporarily lowering the price of a product or service in order…