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Women in society |
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The phrase women in business refers to female businesspeople who hold positions, particularly leadership in the fields of commerce, business, and entrepreneurship. It advocates for their increased participation in business.
Increased participation of women in business can be important for variation in business development, ideas, and business products.[1] Participation also encourages the development of social networks and supports that have positive repercussions for women and for their social environment.[2]
The status of women in business varies significantly around the world. Sometimes a lack of adequate business capital, female education, and training programs in the use of technology can mean women are more constrained by their social and political environment than men.[3]
The number of female entrepreneurs is increasing around in the country, and the Government generally encouraging this[where?]. However, a legacy of historical exclusion and discrimination continues to shape the experiences of women in business today.[4][5] Women are still underrepresented in many industries and face persistent barriers to advancement and equal pay for equal work.[6][7] In PNG nowadays, for example, unequal pay (paying women less when they're doing the same work) is illegal. However, reports indicate that 80% of the companies pay the middle-ranked woman less than the middle-ranked man (a phenomenon known as the "median pay gap").[8]
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