Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “free enterprise”

free enterprise

noun [U]    
an economic system in which private businesses compete with each other to sell goods and services in order to make a profit , and in which government control is limited to protecting the public and running the economy Economics and the state of the economy
(Definition of free enterprise noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
Focus on the pronunciation of free enterprise

Definitions of “free enterprise” in other dictionaries

Word of the Day

cookery

the skill or activity of preparing and cooking food

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More