Changing economic opportunities refer to the shifts and variations in job prospects, industries, and economic conditions that arise over time. These changes can result from technological advancements, market demands, government policies, or other factors.
Related terms
Market Revolution: The market revolution refers to the dramatic changes in the economy of the United States during the early 19th century. It involved an increased emphasis on manufacturing and trade, leading to significant urbanization and expansion of markets.
Industrialization: Industrialization is the process of developing large-scale industries and transitioning from predominantly agrarian societies to ones characterized by factories and manufacturing.
Urbanization: Urbanization is the movement of people from rural areas to cities in search of better economic opportunities. This phenomenon often occurs alongside industrialization as cities offer jobs in factories and other emerging industries.