free enterprise definition

  • noun:
    • The freedom of personal companies to work competitively for revenue with minimal government regulation.
    • An economic system of company influenced by the laws and regulations of offer and need with reduced goverment disturbance, regulation, or subsidy
    • an economic system having predominantly exclusive ownership of ways manufacturing, and relying mainly on marketplace causes to allocate products and sources also to determine prices, and achieving no less than government disturbance in financial choices; also, the governmental doctrine advocating these types of a method as economic climate of a country.
    • The conduct of company based on the axioms regarding the free enterprise doctrine; the conduct of economic task without governmental disturbance.
    • an economy that relies chiefly on market causes to allocate items and sources and to determine rates

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