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1. (n.) free enterprise
the doctrine that a capitalist economy can regulate itself in a competitive market on the basis of supply and demand with a minimum of governmental regulation.
2. free enterprise
the practice of free enterprise.
Etymology: (1885–90)
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| Definition of 'free enterprise' |
Princeton's WordNet |
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1. (adj) market economy, free enterprise, private enterprise, laissez-faire economy
an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
2. (adj) competitive, free-enterprise(a), private-enterprise(a)
subscribing to capitalistic competition
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