What Is Free Enterprise, and how It Affects the World and Business in the United States

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. Wilson S. Johnson, President of the National Federation of Independent Business, defines free enterprise as "the successful marriage of personal freedom with economic freedom". 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. …