Definition of free enterprise noun from the Oxford Advanced Learner's Dictionary


free enterprise

BrE BrE//ˌfriː ˈentəpraɪz//
; NAmE NAmE//ˌfriː ˈentərpraɪz//
[uncountable] Economy
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an economic system in which private businesses compete with each other without much government control compare private enterprise See related entries: Economy
See the Oxford Advanced American Dictionary entry: free enterprise