The rate of business creation is falling, according to research by the nonprofit Kauffman Foundation, and economists are divided about what it means. In 2013, 280 out of every 100,000 adults created a business, down from 300 per 100,000 in 2012.
Some say the decline is evidence that the entrepreneurial spirit is dying out. Others point out that many who started small business from 2008 to 2012 did so out of necessity because they were unable to find paying jobs. With unemployment at a five-year low, more people may be finding full-time work instead of starting businesses.
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