Business in American
President Coolidge”s statement, "The business of America is business," still points to an important truth today- that business institutions have more prestige in American society than any other kind of organizations, including the government. Why do business institutions possess this great prestige?
One reason is that Americans view business as being more firmly based on the ideal of competition than other institutions in society. Since most Americans see competition as the major source of progress and prosperity, competitive business institutions are respected
