The Rise of Big Business
The economic push and pull factors that lead to the rise of big business in the United States.
This paper focuses on the rise of big business in the U.S. and examines what allows this to happen. It concentrates on demand related factors as well as the supply side factors.
“In a laisse-faire economy it is strictly hands off for the government. It is an economy in which, there is free trade with no government intervention. In this economy firms share knowledge thus creating a highly competitive market where no firm has “economic power.” At least this is the thinking behind Adam Smith’s classical economic theory which was the accepted theory in the U.S. This seems self explanatory for a people with a history of tyrannous rule and people whose main reasons for coming to America were for economic freedom. It is what these people fought for against England during the Revolutionary War. ”