AbstractsLaw & Legal Studies

Historically the United States has been built upon the principles of free competitive enterprise. Americans pride themselves that rivalry in production and markets has created the richest country in the world. Free competition has directed the essential energies of the workers to world leadership in industrial productivity and technological development. Political and social freedoms are dependent upon a private enterprise economy which has brought about the best possible product at the best margin of profit including the most rapid rate of growth commersurate with the ability of the populous to absorb technological advancement.