부산대학교 도서관

The article focuses on surveying the boundary line between government and private enterprise in the field of business in the U.S. It was a typically graceful gesture on the part of the president and his committee to give a businessman a place on the program, with the chance to present his perspective of the boundary line between government and private enterprise in the field of business. Business is a well-high universal phenomenon. It consists of all activities related to the production and exchange of goods and services. Private business enterprise takes risks for the sake of potential profits as a matter of course. Stockholders, employees and management all understand the need for profits and expect to share in them when they are made. Even the state expects its part, and a large part, too, of profits of business. The result is that those who make the effort and especially the extra effort expect proportionate monetary rewards. In the operation of government, this is, generally not true. In business enterprise, it is usually in the form of material gain-money or its equivalent. Outstanding rewards in government are apt to be in the form of power.