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Definition of private enterprise - 3 dictionary results

free enterprise

 
–noun
1. an economic and political doctrine holding that a capitalist economy can regulate itself in a freely competitive market through the relationship of supply and demand with a minimum of governmental intervention and regulation.
2. the practice of free enterprise in an economy, or the right to practice it.
Also called private enterprise.

Origin:
1885–90

Related forms:
free-en⋅ter⋅pris⋅ing, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To private enterprise
private enterprise  
n.  

  1. Business activities unregulated by state ownership or control; privately owned business.

  2. A privately owned business enterprise, especially one operating under a system of free enterprise or laissez-faire capitalism.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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