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Introduction It is believed that Ronald Reagan, the 40th president of the United States, is strongly influenced by the notion of free enterprise. In fact, his economic policies (popularly known as ‘Reaganomics’) are aimed towards giving American industries greater freedom through deregulation. Regan may have been influenced by the economic theories of Milton Friedman whose view regarding industrialization and its impact is rather liberated. Friedman ultimately believes that the social responsibility of businesses is to increase their profits. In the same way, Reagan’s relaxed environmental policies is, in one way or another, a reflection of his ...
