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There are many reasons whyindividuals want to run their own businesses. Some foresee more personal satisfaction if they are successful in launching their own business, while others are interested mainly in the prospect of larger financial rewards. Since 1980s and early 1990s tax regulation and liberal policies nave encouraged increasing number of venture capitalists and entrepreneurs to start new enterprises. Since 1990, some one-half million new ventures have been started. Not all have succeeded, of course.
The above statement makes which of the following assumptions?
It has been given that tax regulation and liberal policies took place in the 1980s and 90s. And it has also been given that since 1990, a substantial number (half a million) new entrepreneurs have started new ventures. The implicit assumption here is that the incentives given in the form of taxes and incentives were the reason for the surge in new venture and boost to entrepreneurship.
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