(redirected from Free enterprise economy)
Also found in: Dictionary, Thesaurus, Encyclopedia.
Related to Free enterprise economy: Market capitalism


The economic system in which the means of production is privately held. In capitalism, the most important means of production is money rather than land (as in feudalism) or labor (as in socialism). That is, the ability to raise and use money for the production of goods and services is more important than owning the land from which goods come, or the ability to work in order to create a good or service. As a result, government policies generally target the regulation (or not) of money and its uses rather than those of property and/or labor. While capitalism is often associated with laissez-faire policies, governments often involve themselves in capitalist countries. The appropriate amount of government intervention in a capitalist system remains hotly debated.


References in periodicals archive ?
In a free enterprise economy, economic forces flow from ownership of human and other resources.
We are living in a free enterprise economy where growers can sell their coffee internationally.
FEN opposes all of these measures as being detrimental to a free enterprise economy and will support legislation to oppose any and all of the above measures.
The Conservative Party has to show that it can, despite all the odds, best achieve a vigorous, prosperous, free enterprise economy in which all may share.
To the contrary, we owe it to the routine workings of our free enterprise economy.

Full browser ?