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FREE ENTERPRISE
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I. (noun)
Sense 1
Meaning:
An economy that relies chiefly on market forces to allocate goods and resources and to determine prices
Synonyms:
free enterprise; laissez-faire economy; market economy; private enterprise
Classified under:
Nouns denoting groupings of people or objects
Hypernyms ("free enterprise" is a kind of...):
economic system; economy (the system of production and distribution and consumption)
Hyponyms (each of the following is a kind of "free enterprise"):
capitalism; capitalist economy (an economic system based on private ownership of capital)
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