When people start new businesses because they have few or no other employment options, it is called __________.
A) socialism-based entrepreneurship
B) capitalism-driven business
C) minority-based business
D) necessity-based entrepreneurship

Question

Quizplus · Accepted Answer

Necessity-based entrepreneurship refers to starting a business out of necessity, such as a lack of other employment options. This type of entrepreneurship is often driven by a need to earn income and support oneself or one's family, rather than a desire to pursue a particular business idea or opportunity.

When People Start New Businesses Because They Have Few or No