Concept information
Preferred term
opportunism (economics)
Definition
- 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. For example, some economic actors will take advantage of another party to advance their interests by making false promises, misrepresenting intentions, reneging on agreements, or changing the terms of a deal to benefit themselves. [Source: Encyclopedia of Business Ethics and Society; Opportunism]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/opportunism_(economics)
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