Juan was recently laid off from Breeze Motors and he has stopped looking for a job after numerous rejections. He has now focused on starting a new business. Juan is an example of a "necessity entrepreneur."

Question

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A necessity entrepreneur is someone who starts a business out of the need for work or a lack of other options, often due to being laid off or facing challenges in finding traditional employment. Juan fits this description as he has stopped looking for a job and has turned to entrepreneurship out of necessity.

Juan Was Recently Laid Off from Breeze Motors and He