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U.S. Free Enterprise
The American business paradigm of free enterprise is based upon the basic freedom of Americans to buy and sell as they choose, and the right to conduct business with their private property. As such, business people have the freedom to choose the type of business they want to be involved in. Individuals, families, or groups are allowed to own private property, a home, a car, or any other private commodity. This is distinguished from public property such as the city hall or a park - entailing a government service to citizens. In a free enterprise system, the business person has a right to pursue profit and concomitantly create competition in the marketplace. Consumer sovereignty then is the final determinant for the success or failure of the business.
The government has often been criticized for its role in free enterprise businesses. The very definition of free enterprise indeed entails that the business paradigm should be free from such interference. However, it has also been played a valuable role in terms of regulation to prevent monopolizing practices.
2. The Federal Government benefits the public in several ways. Through regulation, it provides the country with a stable economy. By means of this, Federal programs such as retirement and medical funds help citizens to live secure and worry-free lives. It also provides the public with educational institutions to help with the pursuit of gainful employment. The education paradigm also includes rights and freedoms for citizens who wish to pursue any type of self-improvement.
The Government also provides the public with a sense of security and safety. By means of Homeland Security, the Government allows its citizens to live free from concerns about terrorist or other attacks.
The country's way of life is protected by means of defense mechanisms against terrorism and other public threats.
To become a senator, a person has to be at least 30 years of age and should have been a citizen of the U.S. For a minimum period of nine years at the time of election. Also, he or she has to be a resident of the state from which he or she is elected so that the state can be well-represented. In the case of representative, he or she
U.S. Health Care System is a series of geographically-determined networks. Established according to American beliefs and values, the system provides essentially two models of health care: the Market Justice Model, based on free enterprise and individual responsibility and ability/willingness to pay; the Social Justice Model, based on the public and equitable provision of basic health care services to all members. The two models are often in conflict with each other,
U.S. Government and ethical issues of outsourcing Description of Ideas-5 Analysis of Concepts-6 Evaluation with Reasons-7 Possible Solutions-9 U.S Government and Ethical Issues of Outsourcing USA is at present one of the fastest growing countries as a target for outsourcing. Of late outsourcing which was once the buzzword of corporate America has been looked down upon in recent years because of growing concerns of ethics involved in outsourcing the same. Majority lament the outsourcing of jobs
China for instance, which was more protective and where the government was more involved in the regulation of the financial sector, feels the economic repercussions to a lesser degree (Batson, 2009). 3. Avoid over-inflation of prices The root cause of the sub-prime mortgages was the necessity for people to buy houses at unrealistically high prices. As a future recommendation then, better controls should be instated not only within financial markets, but
When the wall fell, the United States could somewhat smugly say, "I told you so" to the former Soviet sympathizers. Political and ideological victory was a key advantage of reunification for the United States. The Socialist Unity Party (Sozialistische Einheitspartei Deutschlands), headed by Ulbrecht for decades, laid the foundations for the state-controlled industrial economy that would characterize East Germany and which might have crippled the Eastern provinces' potential to thrive
Fueled by massive inflows of foreign direct investment, rising exports, and one of the highest personal savings rates (around 40% of GNP) in the world, this exceptional economic performance has translated into a tripling of per capita incomes. A better material existence is apparent from the provision of food, clothing, and housing for the vast majority of China's 1.3 billion people to the widespread availability of basic consumer durables