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free enterprise

noun

Simple Definition of free enterprise

  • : a system in which private businesses are able to compete with each other with little control by the government

Source: Merriam-Webster's Learner's Dictionary

Full Definition of free enterprise

  1. :  freedom of private business to organize and operate for profit in a competitive system without interference by government beyond regulation necessary to protect public interest and keep the national economy in balance

1890

First Known Use of free enterprise

1890

Rhymes with free enterprise

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