free enterprise

noun

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

First Known Use of free enterprise

1890


FREE ENTERPRISE Defined for English Language Learners

free enterprise

noun

Definition of free enterprise for English Language Learners

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

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