Meaning of FREE ENTERPRISE in English

FREE ENTERPRISE

transcription, транскрипция: [ noun ]

Date: 1890

: 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

Merriam-Webster's Collegiate English vocabulary.      Энциклопедический словарь английского языка Merriam Webster.