English Dictionary

FREE ENTERPRISE

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IPA (US): 

 Dictionary entry overview: What does free enterprise mean? 

FREE ENTERPRISE (noun)
  The noun FREE ENTERPRISE has 1 sense:

1. an economy that relies chiefly on market forces to allocate goods and resources and to determine pricesplay

  Familiarity information: FREE ENTERPRISE used as a noun is very rare.


 Dictionary entry details 


FREE ENTERPRISE (noun)


Sense 1

Meaning:

An economy that relies chiefly on market forces to allocate goods and resources and to determine prices

Classified under:

Nouns denoting groupings of people or objects

Synonyms:

free enterprise; laissez-faire economy; market economy; private enterprise

Hypernyms ("free enterprise" is a kind of...):

economic system; economy (the system of production and distribution and consumption)

Hyponyms (each of the following is a kind of "free enterprise"):

capitalism; capitalist economy (an economic system based on private ownership of capital)


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