The Timmons Model Shows Us That at the Heart of the Entrepreneurial

question 14

Short Answer

The Timmons Model shows us that at the heart of the entrepreneurial process is the _____.

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Definitions:

Unemployment Rate

The portion of the labor market without jobs but actively making efforts to secure employment.

Labor-Force Participation Rate

The percentage of the adult population that is part of the labor force, either employed or actively seeking employment.

Unemployment Rate

The rate at which individuals in the labor force are without jobs but earnestly seeking employment.

Marginally Attached Workers

Individuals who are not currently in the labor force but indicate that they want and are available for a job and have looked for work sometime in the recent past but not actively in the current period.