When a large company like Ford Motor Company or Citigroup downsizes, some of the middle-aged and older workers who are laid off find it tough to find another job in corporate Canada. Such workers often decide to start their own businesses. What term would best describe them?

Question

Quizplus · Accepted Answer

Necessity entrepreneurs are individuals who start their own businesses out of necessity, such as the inability to find employment elsewhere. In this scenario, the middle-aged and older workers who are laid off from Ford Motor Company or Citigroup and struggle to find another job in corporate Canada would fit the description of necessity entrepreneurs.

When a Large Company Like Ford Motor Company or Citigroup