Cecil recently lost his job as a Human Resources recruiter. But he now has a freelance contract to help his former employer recruit employees-and it pays him more than what he earned as an employee at the company. This is an example of which factor contributing to high levels of entrepreneurship?

Question

Quizplus · Accepted Answer

Downsizing and outsourcing often lead to experienced individuals being laid off or leaving their jobs, which can create opportunities for entrepreneurship as they use their skills and contacts to start their own businesses or work as freelancers for former employers. This is illustrated by the example of Cecil using his experience and connections to land a freelance contract with his former employer.

Cecil Recently Lost His Job as a Human Resources Recruiter