Economic Self-Reliance

Definition

Economic self-reliance is the idea that individuals or a community should strive for financial independence and create their own economic opportunities, rather than relying on external support or aid. It emphasizes entrepreneurship, business ownership, and building wealth.

Related terms

Entrepreneurship: The act of starting and running a business venture with an innovative idea or concept.

Wealth creation: The process of accumulating assets and resources over time to increase one's financial well-being.

Self-sufficiency: The ability to meet one's needs without relying on others for assistance or support.