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WordReference Random House Learner's Dictionary of American English © 2024ˈfree ˈen•ter•prise, n. [uncountable]- Businessthe doctrine or system that a capitalist economy can regulate itself in a competitive market on the basis of supply and demand with a minimum of governmental regulation.
WordReference Random House Unabridged Dictionary of American English © 2024free′ en′terprise, - Businessan 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.
- Businessthe practice of free enterprise in an economy, or the right to practice it. Also called private enterprise.
free′-en′ter•pris′ing, adj.
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