The United States of America generally operates under an economic policy known as laissez fair (let people do as they choose) economics. This type of economic system allows nearly no government intervention beyond the minimum necessary to allow the free enterprise system to operate according to its own laws. Laissez fair holds the traditional American belief in individual rights and responsibilities that has led to the creation of the wealthiest nation in the history of the planet. We know this type of economic policy works because our country has prospered for so many years under its format. One portion of laissez fair economics that focuses on individual rights and responsibilities without government intervention pertains to owning a private business.
The right for anyone to own and operate a private business in our country is the central idea to letting the people create their own wealth. New and upstart businesses have a chance to be successful because there is always......
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Approximate Word Count: 445
Approximate Pages: 2 (260 words per double-spaced page) |