During a decline in the economy, a limited number of jobs will motivate a growing number of to start new businesses.

Experienced but unemployed people

Explanation:

In times of economic slowdown such as a recession, the rate of employment goes up.  Many qualified workers seeking employment will not be hired.  Experienced workers lose their jobs as a result of a decline in production.

The experienced worker who fails in securing new jobs ends up starting their businesses. These experienced workers already have knowledge on how to run a business, and would probably have some saving. With their qualification and experience, managing a new business is not very challenging for them.

The 2008 financial crises resulted in the establishment of many new startup businesses.

answer decisions made by individual households and firms;