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 .