Meaning of FREE ENTERPRISE in English
- FREE ENTERPRISE
— free-enterprising , adj.
1. an economic and political doctrine holding that a capitalist economy can regulate itself in a freely competitive market through the relationship of supply and demand with a minimum of governmental intervention and regulation.
2. the practice of free enterprise in an economy, or the right to practice it. Also called private enterprise .
[ 1885-90 ]
Random House Webster's Unabridged English dictionary. Полный английский словарь Вебстер - Random House . 2012