Free+Enterprise

= FREE ENTERPRISE DAY = =American Enterprise Day is observed on November 15 each year. On this day, U.S. residents recognize free enterprise and how it has contributed to the economy.=

Origin of American Enterprise Day
Jimmy Carter made a Presidential Proclamation on August 8, 1980 directing that [|American Enterprise Day] be observed. Chevron Corporation provided a grant to fund a program called "Getting Involved" in the 1980s to expose young people to capitalism through Future Business Leaders of America.

Free enterprise means that a [|business] is not restricted by government subsidies or regulations. Instead, the business operates under the laws of supply and demand. If a particular product or service is in great demand but supply is low, then it becomes more valuable to the consumer. As a result the price goes up. When supply is high and demand is low, then the price falls. Healthy competition between businesses is a good thing for consumers. It helps to keep prices in line. Business owners also know that in order to keep customers coming back, they need to offer their products or services at a fair price. Good customer service policies are also a must; otherwise, buyers will choose to do business with another company. Thanks to the free enterprise system, they can make that choice.

[|Free Enterprise]

[|Entrepreneur Test]