Meaning of the word "make the best of" in English

What does "make the best of" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

make the best of

US /meɪk ðə bɛst ʌv/
UK /meɪk ðə bɛst ɒv/

Idiom

to cope with a bad situation as well as possible

Example:
We don't have much money, but we'll make the best of it.
It's not the ideal situation, but we have to make the best of it.