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  • Essay / The Benefits of Private Enterprise - 1154

    Private enterprise is the solid foundation of the United States of America. Whenever this right is threatened, the stability of the country follows a symmetrical trend. However, the value of this system has not always been clear. Over time, no country has adopted this system like the United States. Private enterprise involves the right to market and sell a product or service, as well as the right to purchase. In fact, the consumer, in his participation, is a private entrepreneur (Lubell). The open markets, private initiative, competition, and private ownership that define private enterprise make it the healthiest economic system. The consumer's interest in private enterprise includes his freedom of choice, as well as the possibility of buying more and more, for less and less. In this perspective, the company becomes the slave of the public. This piques the interest of the American people. Power and control are an irresistible force that drives the American public. Always looking for a new item to satisfy their needs, people are on constant patrol for the next big thing. Anything short of that will be ignored, and so the cycle begins. With the ability to choose, each individual's purchase becomes a crucial vote. Using the company's piggy bank, votes are tallied and changes are made to provide a product/service that will capture the consumer's interest (Clark). In other words, he holds the power to veto a product based on his disapproval. The consumer is a fundamental unit of the economic cycle. “His power is crucial. Every cost of doing business, every tax, salary, salary, fringe benefit, material cost, interest payment, etc., must ultimately be traced to one source, the cost…. ... middle of paper ..... .ation. Open access education, (2012). Internet. October 8, 2013. “Comparing federal and civil servant compensation.” CBO. CBO, (2013). Internet. October 8, 2013. Clark, J.R. “Journal of Private Enterprise.” APEE. The Association of Private Enterprise Education, (2013). Internet. October 8, 2103. Kim, Jim. “Working for a world without poverty. » The World Bank. The World Bank, (2007). Internet. October 8, 2013. King, Phil. “International communications”. American Legislative Exchange Council. ALEC, (2012). Internet. October 8, 2013. Kogyo, Kokusai. “Private sector assets applied.” Margareta Wahlstrom. Margareta Wahlstrom, (2004). Internet. October 8, 2013. Lubell, Samuel. “Private enterprise of public interest”. The Foundation for Economic Education. FRESH, (2013). Internet. October 8, 2013. Wade, James. “The Federal Workforce” The Huffington Post. The Huffington Post, (2013). Internet. October 8. 2013.