what does opportunity mean
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opportunity An opportunity is a situation in which it is possible for something to be done. You talk about an opportunity for something or an opportunity to do something. They must regard it as an opportunity for a genuine new start. They don't even give them the opportunity to become better.
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opportunity cost Opportunity costs are fundamental costs in economics, and are used in computing cost benefit analysis of a project. Such costs, however, are not recorded in the account books but are recognized in decision making by computing the cash outlays and their resulting profit or loss.
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- Primary Meanings of arise. 1  v move upward. 2  v rise to one's feet. 3  v get up and out of bed. 4  v originate or come into being. 5  v come into existence; take on form or shape. 6  v result or issue. 7  v take part in a rebellion; renounce a former allegiance.
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- Equal opportunity means treating similarly situated people similarly, while taking account of human, cultural, and other differences. It means, for example, that a person’s race, gender, religion, or sexual orientation should be irrelevant to his or her ability to receive quality health care or to own a home.
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fate circumstances - your overall circumstances or condition in life (including everything that happens to you); whatever my fortune may be; deserved a better fate; has a happy lot; the luck of the Irish; a victim of circumstances; success that was her portion. luck, destiny, fate, fortune, lot, portion.
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opportunitynoun Opportunity or possibility? We use opportunity to talk about a situation in which we can do something that we want to do. Opportunity is most commonly followed by a verb in the to-infinitive form, or of + -ing form: …
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Egalitarianism The ideal of equality of opportunity is the ideal of a political economy in which each person's prospects as producer depend only on his initial stock of resources plus his ability and willingness to provide goods and services that others value plus luck as market fluctuations are encountered.
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Definitions &Translations Incentive(noun) that which moves or influences the mind, or operates on the passions; that which incites, or has a tendency to incite, to determination or action; that which prompts to good or ill; motive; spur; as, the love of money, and the desire of promotion, are two powerful incentives to action.
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ACCESS Dictionary entry overview: What does access mean? • ACCESS (noun) The noun ACCESS has 6 senses: 1. the right to enter 2. the right to obtain or make use of or take advantage of something (as services or membership) 3. a way of entering or leaving
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ELECTRICITY • ELECTRICITY (noun) The noun ELECTRICITY has 3 senses: 1. a physical phenomenon associated with stationary or moving electrons and protons. 2. energy made available by the flow of electric charge through a conductor. 3. keen and shared excitement. Familiarity information: ELECTRICITY used as a noun is uncommon.
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- opportunity cost is how much you can produce of the good b with the same amount of labor capital and other resources that it takes to produce one of good a this is the tradeoff how much of good b must be sacrificed in order to get one more of good a an example is in order
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Chance English Meaning: The name Chance is an English baby name. In English the meaning of the name Chance is: Good luck; good fortune; chancellor. American Meaning: The name Chance is an American baby name. In American the meaning of the name Chance is: Good luck; good fortune; chancellor. French Meaning: The name Chance is a French baby name. In French the meaning of the name Chance is: Fortune; a gamble.
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Opportunity Cost Return to top. When economists refer to the “opportunity cost” of a resource, they mean the value of the next-highest-valued alternative use of that resource. If, for example, you spend time and money going to a movie, you cannot spend that time at home reading a book, and you cannot spend the money on something else.his is not a true cost of attending school at all because whether or not the student attends school, the student still has expenses for room and board. W hen economists refer to the “opportunity cost” of a resource, they mean the value of the next-highest-valued alternative use of that resource.
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- advantage. 1  any state, circumstance, opportunity, or means specially favorable to success, interest, or any desired end: the advantage of a good education. 2  benefit; gain; profit: It will be to his advantage to learn Chinese before going to China.
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opportunity- definition and synonyms a missed/lost opportunity (= a chance that you did not use): A series of missed opportunities have badly weakened the company. at every opportunity (= whenever it is possible):
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FATE • FATE (noun) The noun FATE has 3 senses: 1. an event (or a course of events) that will inevitably happen in the future. 2. the ultimate agency that predetermines the course of events (often personified as a woman) 3. your overall circumstances or condition in life (including everything that happens to you) Familiarity information: FATE used as a noun is uncommon.
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What Is the Opportunity Cost Formula? Opportunity cost is the total sum of what a person or organization has after they compare that sum to what they sacrifice.
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- noun. The definition of a prospect is an expected outcome or a likely customer. An example of prospect is a new client with whom a company is counting on signing a contract.
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eligible el·i·gi·ble. adj. 1. Qualified or entitled to be chosen: eligible to run for office; eligible for retirement. 2. Desirable and worthy of choice, especially for marriage: an eligible bachelor.
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INTERVAL The noun INTERVAL has 4 senses: 1. a definite length of time marked off by two instants. 2. a set containing all points (or all real numbers) between two given endpoints. 3. the distance between things. 4. the difference in pitch between two notes. Familiarity information: INTERVAL used as a noun is uncommon.
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- noun, plural opportunities. 1. an appropriate or favorable time or occasion: Their meeting afforded an opportunity to exchange views. 2. a situation or condition favorable for attainment of a goal. 3. a good position, chance, or prospect, as for advancement or success. Origin of opportunity.
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ENRICHMENT The noun ENRICHMENT has 2 senses: 1. act of making fuller or more meaningful or rewarding. 2. a gift that significantly increases the recipient's wealth. Familiarity information: ENRICHMENT used as a noun is rare.
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advantage vantage - the quality of having a superior or more favorable position; the experience gave him the advantage over me. advantage. asset, plus - a useful or valuable quality. favor, favour - an advantage to the benefit of someone or something; the outcome was in his favor.
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Opportunity Costs  [ edit] Opportunity costs can also be thought of as the resources lost, or alternate products forgone, through taking a particular action or producing a certain product. The lost resources could be time, effort, money, goods, etc. Opportunity Cost Principle: Heaberler and Taussing have developed this important cost principle.
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eligible (ĕl′ĭ-jə-bəl) adj. 1. Qualified or entitled to be chosen: eligible to run for office; eligible for retirement. 2. Desirable and worthy of choice, especially for marriage: an eligible bachelor.
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Opportunity cost Opportunity cost is a key concept in economics, and has been described as expressing the basic relationship between scarcity and choice. The notion of opportunity cost plays a crucial part in attempts to ensure that scarce resources are used efficiently.