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Land of Opportunity, a nickname for the United States, expressing belief in socioeconomic mobility in the United States; Land of Opportunity, a former nickname of Arkansas, United States; Land of Opportunity, a land policy of South Africa's Democratic Alliance party; Embu County, Kenya, whose motto is "The Land of Opportunities"
But there has been also the American dream, that dream of a land in which life should be better and richer and fuller for every man, with opportunity for each according to his ability or achievement. It is a difficult dream for the European upper classes to interpret adequately, and too many of us ourselves have grown weary and mistrustful of it.
Illustration from a 1916 advertisement for a vocational school in the back of a US magazine. Education has been seen as a key to socioeconomic mobility, and the advertisement appealed to Americans' belief in the possibility of self-betterment as well as threatening the consequences of downward mobility in the great income inequality existing during the Industrial Revolution.
The idea would be to guarantee equal opportunity but not equal results. However, while such ideas are common in many developed nations ranked high in quality of life, they are red meat for ...
In political economy, including physiocracy, classical economics, Georgism, and other schools of economic thought, land is recognized as an inelastic factor of production. Land, in this sense, means exclusive access rights to any natural opportunity. Rent is the share paid to freeholders for allowing production on the land they control.
The claimed homestead could include the same land which they had previously filed a preemption claim (on up to 160 acres at $1.25 per acre, or up to 80 acres of subdivided and surveyed land at $2.50 per acre), and they could expand their current ownership to contiguous adjacent land up to 160 acres total.
Opportunity cost is a basic microeconomics concept, maybe one you learned in a long-ago and hazily recollected 8 a.m. Econ 101 lecture. If you need a refresher, opportunity cost is the benefit you ...
California was seen as a lucky place, a land of opportunity and good fortune. It was a powerful belief, underlying many of the accomplishments of the state, and equally potent when threatened. [3] Historian H. W. Brands noted that in the years after the Gold Rush, the California Dream spread across the nation: