Free enterprise
CLEP American Government, Chapter 34 Free enterprise Free enterprise values private ownership, exchange, competition, and price signals. In the American mixed economy, those practices operate alongside public goods, market rules, regulation, and redistribution. The practical dispute is rarely market or government in the abstract. It is whether a rule protects voluntary exchange by addressing fraud, […]
Limited government
CLEP American Government, Chapter 34 Limited government Limited government is often mistaken for government that does very little. The stronger idea is government whose power comes from lawful authority, stays within a defined scope, and remains subject to enforceable checks. Enumerated powers, federalism, separated institutions, rights, elections, and judicial review set different kinds of boundaries. […]
