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Related to free enterprise: Free enterprise economy
The freedom of private businesses to operate competitively for profit with minimal government regulation.
(Economics) an economic system in which commercial organizations compete for profit with little state control
1. 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. the practice of free enterprise.
free′ en′terpriser, n.
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|Noun||1.||free enterprise - an economy that relies chiefly on market forces to allocate goods and resources and to determine prices|