free enterprise Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “free enterprise” in the English Dictionary

"free enterprise" in British English

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free enterprisenoun [U]

uk   us  
an ​economicsystem in which ​privatebusinessescompete with each other to ​sellgoods and ​services in ​order to make a ​profit, and in which ​governmentcontrol is ​limited to ​protecting the ​public and ​running the ​economy
(Definition of free enterprise from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"free enterprise" in American English

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free enterprisenoun [U]

 /ˈfri ˈen·tərˌprɑɪz/
social studies an ​economicsystem in which ​privatebusinessescompete with each other to ​sellgoods and ​services in ​order to make a ​profit
(Definition of free enterprise from the Cambridge Academic Content Dictionary © Cambridge University Press)

"free enterprise" in Business English

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free enterprisenoun [U]

uk   us   ECONOMICS
a ​system in which ​businessescompete with each other freely and without ​government involvement: It is a ​politicalparty that believes in ​limitedgovernment, ​freeenterprise, and ​individualresponsibility.
(Definition of free enterprise from the Cambridge Business English Dictionary © Cambridge University Press)
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