opportunity

The word “opportunity” means a favorable set of circumstances that makes it possible to do something. In plain terms, a chance to do something beneficial, whether it's a job, a trip, or any favorable moment.

“Opportunity” is pronounced op-uh-TYOO-nih-tih (/ˌɑ.pɚˈt(j)u.nə.ti/ in IPA).

Here is “opportunity” used in a sentence: “This scholarship is a great opportunity for students from low-income families.”

“Opportunity” is a noun.

The word “opportunity” comes from Latin. From Latin opportunitas, related to opportunus — the same root as "opportune.".

“Opportunity” is a very common word in modern English, usually learned at around the A2 level.

The words overlap and are often swapped, but there is a subtle difference. A 'chance' leans on luck or mere possibility, something that might happen. An 'opportunity' is a favourable moment you can actually seize to gain an advantage. Every opportunity is a chance, but not every chance is worth acting on.

In planning and SWOT analysis they are opposites. An opportunity is an external circumstance you can use to your advantage, such as a growing market. A threat is an external factor that could harm you, like a new competitor. One invites action; the other calls for defence or caution.

Opportunity cost is the value of the next best thing you give up when you make a choice. If you spend an evening working, its opportunity cost is the rest or fun you sacrificed. The idea is central to economics because every decision uses limited time, money or resources.

A job opening in your field, a gap in the market for a new product, or a chance meeting with a helpful contact are all opportunities. Each is a favourable set of circumstances that makes something possible, but it only becomes valuable if you recognise it and act in time.