Creating an enabling environment for someone to have control over his financial situation is known as
Answer Details
The term that describes creating an environment that allows someone to have control over their financial situation is "empowerment." Empowerment means giving someone the tools, knowledge, and resources they need to take charge of their financial situation and make informed decisions about their money.
This could include things like providing financial education and training, access to financial services and products, and support for developing financial goals and plans. By empowering individuals to take control of their finances, they can improve their financial well-being, make progress towards their goals, and ultimately achieve greater financial stability and security.