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WORDNET DICTIONARY
Noun free enterprise has 1 sense
- free enterprise(n = noun.group) laissez-faire economy, market economy, private enterprise - an economy that relies chiefly on market forces to allocate goods and resources and to determine prices; has particulars: capitalism, capitalist economy
is a kind of economic system, economy
CIDE DICTIONARY
free enterprise, n.
- an economic system having predominantly private ownership of the means of production, and relying chiefly on market forces to allocate goods and resources and to determine prices, and having a minimum of governmental interference in economic decisions; also, the political doctrine advocating such a system as the economic system of a country. [WordNet 1.5]
- The conduct of business according to the principles of the free enterprise doctrine; the conduct of economic activity without governmental interference. [PJC]