Meaning of “free enterprise” in the English Dictionary

business-english dictionary

"free enterprise" in American English

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free enterprisenoun [ U ]

/ˈfri ˈen·tərˌprɑɪz/

social studies an economic system in which private businesses compete with each other to sell goods 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 businesses compete with each other freely and without government involvement:

(Definition of “free enterprise” from the Cambridge Business English Dictionary © Cambridge University Press)