77.6k views
5 votes
What is an example of an entrepreneurial opportunity categorized under economic dislocations?

User Okezie
by
7.8k points

1 Answer

2 votes

Final answer:

Entrepreneurial opportunities under economic dislocations can include starting a job placement agency during high frictional unemployment. This takes advantage of market shifts and employs innovation to address the mismatches in job skills or location.

Step-by-step explanation:

An example of an entrepreneurial opportunity categorized under economic dislocations could be starting a job placement agency during a time of high frictional unemployment. Economic dislocations occur when changes in the economy cause a mismatch between jobs offered and the skills or locations of workers. Entrepreneurs can seize these moments to provide valuable services, such as job matching, retraining, or relocation services, to ease the transition for both businesses and employees.

In the realm of entrepreneurship, economic dislocations offer a unique chance for innovation and the creation of new businesses. As companies go broke or technology evolves, new markets emerge, and entrepreneurs are in a prime position to leverage these shifts to introduce services or products that address the new demands.

User JonF
by
7.8k points