Business Equals Social Progress
In brief: There is a direct correlation between the amount of business in a society and the extent of progress enjoyed by that society. For-profit firms are the most effective means of achieving that progress.
Principle 1 states that business equals progress. In other words, as a general rule, the more business that exists within a community, the greater the economic and social progress that community will experience. Central to the delivery of that progress is the for-profit firm, which has long been one of the best means for humans to channel their innovation and creativity. As Micklethwait and Wooldridge note in their history of the company:
Today, the number of private-sector companies that ...
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