Essay Archive - Free Enterprise
Free Enterprise
The term "free enterprise" is often used to describe America's
market system. Unfortunately, when the government sets rules and standards
for the companies in the system, the result is not free enterprise. Free
enterprise is defined by Wilson S. Johnson, President of the National
Federation of Independent Business, as "the successful marriage of personal
freedom with economic freedom". (1) With free enterprise comes competitive
pricing, more wealth which is distributed widely among the population, and
small business survival--an important trait when over 50% of America's non-
government workforce is empl....
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