Economic Empowerment
Definition
Economic empowerment refers to the ability of individuals or communities to have control over their financial resources and make decisions that positively impact their economic well-being.
Analogy
Economic empowerment is like having a toolbox full of tools. With these tools, you have the power to build a strong foundation for your financial future and create opportunities for yourself.
Related terms
Financial Literacy: Understanding how money works and being able to make informed decisions about personal finances.
Entrepreneurship: The process of starting and running a business, taking on financial risks in order to achieve success.
Income Inequality: Unequal distribution of income among individuals or groups within a society.
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