Part one of term paper
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 ec ...

Part two of term paper
... existed in the past. Businesses should not be regulated by the government. Deregulation in the eighties has brought new meanings to industries such as airlines, railroads, and telecomunications. Although adjustment proved traumatic, the airline industry grew from 36 to 156 individual airlines.(2) The result has been competitive prices, a huge web of new routes, and competitive employee wages. In 1980, Congress got rid of rules that encouraged railroads to keep unwanted routes, that forced ...