free enterprise


Definition of free enterprise

: 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

Examples of free enterprise in a Sentence

Recent Examples on the Web

John Phelan is an economist at the Center of the American Experiment, a non-profit public policy organization based in Golden Valley that advocates for free enterprise, limited government, personal responsibility and government accountability. John Phelan, Twin Cities, "John Phelan: Affordable housing is rare because it’s illegal to build," 1 Sep. 2019 Real income for America’s bottom 90% reached an all-time high in 1999, and at the time Pew Research found that 81% of Americans agreed that free enterprise was a major reason for the country’s success in the 20th century. Herman Cain, WSJ, "The Fed and the Professor Standard," 17 Apr. 2019 The Leavey Awards were created in 1977 to reward educators across the country who develop innovative ways of teaching students about the free enterprise system and entrepreneurship. Corey Dockser,, "Sidewalk art, line dancing, and a new old-time market," 8 Aug. 2019 Byron McCauley is an Enquirer columnist writing about the intersection of race, politics, social justice, and free enterprise. Byron Mccauley,, "Take a moment and thank the police who run toward danger," 5 Aug. 2019 Representative Horn is wrong and his comments are not based in our platform's belief in free people, free markets and free enterprise. CBS News, "Owning slaves doesn't make a person racist, says New Hampshire lawmaker," 19 July 2019 Their aim is to help cultivate a global environment of openness and free enterprise that fosters worldwide economic growth and ultimately rewards both Japan and its international partners. Nobuyuki Hirano, Fortune, "How Japan Became a Model for Economic Revival," 18 July 2019 Although the sections on the Thunder may be a little too much inside basketball for some readers, Anderson balances his account with wonderful historical and cultural nuggets (my favorite: the museum devoted to free enterprise)., "Location, location, location," 18 July 2019 This country, our system of government and free enterprise have allowed them to prosper and flourish. Emily Caron,, "Arizona Governor Retaliates Against Nike After Company Cancels Betsy Ross Shoe," 2 July 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'free enterprise.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of free enterprise

1890, in the meaning defined above

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Statistics for free enterprise

Last Updated

11 Sep 2019

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Time Traveler for free enterprise

The first known use of free enterprise was in 1890

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More Definitions for free enterprise

free enterprise


English Language Learners Definition of free enterprise

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

More from Merriam-Webster on free enterprise

Rhyming Dictionary: Words that rhyme with free enterprise

Spanish Central: Translation of free enterprise

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