Difference between revisions of "Free Enterprise"
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*[[Enterprise]] | *[[Enterprise]] | ||
| + | *[[Capitalism]] | ||
== External links == | == External links == | ||
*[http://www.americansolutions.com/General/?Page=026a3bda-755c-45d8-84d3-c68eef294612 Values - Free Enterprise] | *[http://www.americansolutions.com/General/?Page=026a3bda-755c-45d8-84d3-c68eef294612 Values - Free Enterprise] | ||
| − | *[] | + | *[http://www.dallasfed.org/research/ei/ei0101.html Henry Hazlitt—Journalist Advocate of Free Enterprise] |
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 11:57, May 31, 2008
Free Enterprise is commerce with business transactions carried on between private individuals or corporations without state interference or planning. It has been the primary economic model in the U.S. and Britain since the Industrial Revolution, but free enterprise has been tempered somewhat by government regulation. In France and other places, ironically, this economic model is called liberalism.
Free Enterprise is also the name of a 1998 movie starring William Shatner.
Freedom is the principle on which the United States was founded. More than 200 years later, freedom serves as the nation's political foundation. Freedom is also the cornerstone of the American economic system. It is often called the free enterprise system because of the freedoms of the marketplace. [1]
“Historical evidence speaks with a single voice on the relation between political freedom and a free market. I know of no example in time or place of a society that has been marked by a large measure of political freedom, and that has not also used something comparable to a free market to organize the bulk of economic activity.†Milton Friedman, Capitalism and Freedom, 1962.
The only real cure for poverty is production. Henry Hazlitt, from Man vs. the Welfare State. 95–97
