1) Reducing economic inequality: One of the primary aims of black economic empowerment is to address historical economic disparities and promote equal economic opportunities for the black population. This includes providing access to resources, capital, employment, and entrepreneurship opportunities to previously disadvantaged individuals and communities.
2) Promoting socioeconomic transformation: Another aim is to promote broader socioeconomic transformation by increasing the representation of black individuals and businesses in various sectors of the economy. This involves promoting black leadership, ownership, and control in industries and sectors where they have been historically underrepresented, thereby fostering inclusive economic growth and development.
(economics) name 2 aims of black economic empowerment?
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