Question

After his company closed the retail location he managed, while Tareq was interviewing for other management positions, he began a painting business. Tareq is an example of a(n)___________.

Answer 1

necessity entrepreneur

Step-by-step explanation:

Necessity entrepreneur are people that become entrepreneurs as a matter of necessity rather than an opportunity Entrepreneurs who has identified a need in the market that he decides to satisfy.

The need to survive and makes end meet, drives some job seekers into running a small business. Mostly in developing countries, when people are unable to get employed in the labor market, they resort to setting up a small business. These set of people are not driven by the desire to become a business owner, they see entrepreneurship as a child of necessity. These set of people are called necessity entrepreneur