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Free enterprise   /fri ˈɛntərprˌaɪz/   Listen
Free enterprise

noun
1.
An economy that relies chiefly on market forces to allocate goods and resources and to determine prices.  Synonyms: laissez-faire economy, market economy, private enterprise.






WordNet 3.0 © 2010 Princeton University








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"Free enterprise" Quotes from Famous Books



... made sincere efforts at meaningful arms reduction, rebuilding our defenses, our economy, and developing new technologies, and helped preserve peace in a troubled world; when Americans courageously supported the struggle for liberty, self-government, and free enterprise throughout the world, and turned the tide of history away from totalitarian darkness and into the warm ...
— U.S. Presidential Inaugural Addresses • Various

... monopolies, industry was shackled in the earlier part of the modern period by restrictive legislation in various forms, by navigation laws, and by tariffs. In particular, the tariff was not merely an obstruction to free enterprise, but a source of inequality as between trade and trade. Its fundamental effect is to transfer capital and labour from the objects on which they can be most profitably employed in a given locality, to objects on which they are less profitably ...
— Liberalism • L. T. Hobhouse

... How did the Colonial Period provide a foundation for the "American Experience" by the development of a system of free enterprise ...
— The Road to Independence: Virginia 1763-1783 • Virginia State Dept. of Education



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