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Free Enterprise - College Term Papers

Free Enterprise

The term "" 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 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 employed by small businesses. Deregulation brings
free enterprise in a sense truer than it has existed in the ...

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with truck and barge rates, or kept prices too low to make
a profit. (3) Now railway companies are making deals with shippers at
competitive rates allowing, once again, the railroads to be an important
part of America. Since the breakup of AT&T in January 1984, almost every
element of tele phoning has been open to competition. Numerous firms have
been formed boasting low long-distance rates, car phone models, fiber-optic
cable, and such. The complexity of customer's bills and other confusing
aspects of having so many different companies are predicted to work
themselves out with time. It is obvious that deregulation has allowed
competition to evolve and thrive in industries where it had never been
allowed to.

It is obvious that the presence of many companies in the market is
beneficial to the consumer in terms of competitive prices and creating jobs.
"The annual yield on a small savings account" has soared from 5.5 to over
9% since 1980.(4) About 80% of passengers ...

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Free Enterprise. (2004, September 15). Retrieved April 19, 2024, from http://www.essayworld.com/essays/Free-Enterprise/14364

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"Free Enterprise." Essayworld.com. September 15, 2004. Accessed April 19, 2024. http://www.essayworld.com/essays/Free-Enterprise/14364.

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PAPER DETAILS

Added: 9/15/2004 01:45:17 AM
Category: Economics
Type: Free Paper
Words: 479
Pages: 2

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