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What is economic opportunism?
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opportunism, a foundational assumption of many economic theories that claims human beings are generally self-interested and will take advantage of others when possible.
Apr 29, 2024 · Opportunism is a term used in economics, and more broadly in social science, to describe the practice of seeking personal gain or advantage by exploiting circumstances or using guile, often with a disregard for principles or consequences for others.
Oct 5, 2023 · Opportunism in economics refers to the behavior of negotiating parties where one attempts to change the terms of an agreement in their favor after the other party has already committed resources. This behavior can disrupt mutual trust and fair dealings, and can potentially lead to inefficiencies and decreased economic welfare.
Economic opportunism is a term related to the subversion of morality to profit. There exists no agreed general, scientific definition or theory of economic opportunism; the literature usually considers only specific cases and contexts.
Opportunism is the practice of taking advantage of circumstances—with little regard for principles or with what the consequences are for others. Opportunist actions are expedient actions guided primarily by self-interested motives.
Opportunism is the practice of taking advantage of opportunities as and when they arise. The person who does this is an opportunist. Opportunism involves exploiting circumstances purely for self-interest. The opportunist has no regard for other people’s interests or moral principles.
Opportunism is a foundational assumption of many economic theories that claims human beings are generally self-interested and will take advantage of others when possible.
