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This site is very informative it should answer your questions here is the link http://www.frbsf.org/publications/economics/letter/2009/el2009-09.pdf.
Despite the financial meltdown more people will become small entrepreneurs and the reason for this is that jobs will become very hard to come by. The large corporations and companies will look to downsize and cut staff when this happens people will have to look else where for means of employment and owning your own business would be the only avenue for many. So in the next couple of years there will be a lot of small entrepreneurs on this planet.
Source(s):
http://www.frbsf.org/publications/economics/letter/2009/el2009-09.pdf
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| September 27, 2009 12:41 AM |
Despite the financial meltdown more people will become small entrepreneurs and the reason for this is that jobs will become very hard to come by. The large corporations and companies will look to downsize and cut staff when this happens people will have to look else where for means of employment and owning your own business would be the only avenue for many. So in the next couple of years there will be a lot of small entrepreneurs on this planet.
Source(s):
http://www.frbsf.org/publications/economics/letter/2009/el2009-09.pdf
| Asker's Rating: |
• Interesting and consistent with global trends
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