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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 c ....

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.... 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 ....

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