Free Enterprise

Part I of Essay
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 Indepen ....

Part II of Essay
.... employee wages. In 1980, Congress got rid of rules that encouraged railroads to keep unwanted routes, that forced prices too high to compete 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 ....