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Effectively, as a conservative Republican he lived and breathed by the free market rule,” which acknowledged that the government did not belong in business, and businesses ought to live and die by the success or failure of their very own practices and market forces.

A 2015 report by the U.S. Small Enterprise Administration showed that small companies (defined as corporations with fewer than 500 staff) account for 56 million employees annually, or almost half of the nation’s private workforce More than two-thirds of these small companies have fewer than a hundred staff, and the largest pool of small businesses are those with 20 or fewer employees.