When an Entrepreneur Is Forced to Open Their Own Business

question 15

Short Answer

When an entrepreneur is forced to open their own business due to layoffs from their job and a low likelihood of replacing the job,inability to grow in their current career,or simply to put food on the table,they are engaged in __________ entrepreneurship.

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Definitions:

Social Psychologists

Professionals who study how people's thoughts, behaviors, and feelings are influenced by the actual, imagined, or implied presence of others.

Social Traps

Situations in which a group or individual acts in a way that is beneficial in the short term but detrimental in the long term, often due to a failure to consider the wider consequences.

Intrinsically Rewarding

Valuable or fulfilling in itself, without requiring external reward or recognition.

Altruism

The behavior and attitude of selflessly caring for the well-being of others, often at a personal cost.