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Word Count: 476
The term free enterprise is often used to describe Americas 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 Americas non-government workforce is employed by small businesses Deregulation brings free enterprise in a sense truer than it has existed in the past The government should not regulate businesses Deregulation in the eighties has brought new meanings to industries such as airlines railroads and telecommunications Although adjustment proved traumatic the airline industry grew from 36 to 156 individual airlines 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 prices too high to compete with truck and barge rates or kept prices too low to make a profit Now railway companies are making deals with shippers at competitive rates allowing once again the railroads to be an important part of America Since the breakup of ATT in January 1984 almost every element of telephoning has been open to competition Numerous firms have been formed boasting low long-distance rates car phone models fiber-optic cable and such The complexity of customers bills and other confusing aspects of having so many different companies are predicted to work themselves out with time It is obvious that deregulation has allowed competition to evolve and thrive in industries where it had never been allowed It is obvious that the presence of many companies in the market is beneficial to the consumer in terms of competitive prices and creating jobs About 80 of passengers travel by plane under a
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