Given that most entrepreneurial start-ups fail, why do entrepreneurs start so  many new firms? Why are (most) governments interested in promoting more  start-ups?

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter10: Price-searcher Markets With Low Entry Barriers
Section: Chapter Questions
Problem 9CQ
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Given that most entrepreneurial start-ups fail, why do entrepreneurs start so  many new firms? Why are (most) governments interested in promoting more  start-ups?

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