Asked by Trevia Knight on Apr 27, 2024
Verified
Necessity-based entrepreneurship takes place because other employment options don't exist.
Necessity-based Entrepreneurship
Entrepreneurial activities that are initiated as a result of a lack of viable employment options, leading individuals to start their own business to sustain themselves.
- Acquire an understanding of the significance of entrepreneurship that emerges from need, and identify the differences between entrepreneurs who are driven by opportunity and those who are driven by necessity.
Verified Answer
SC
Sydoney ClarkeMay 04, 2024
Final Answer :
True
Explanation :
Necessity-based entrepreneurship refers to individuals who start businesses because they have no other option for employment.
Learning Objectives
- Acquire an understanding of the significance of entrepreneurship that emerges from need, and identify the differences between entrepreneurs who are driven by opportunity and those who are driven by necessity.