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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.
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Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
America became the greatest of nations through its unity during war and economic depression and its determination to make the world a better place in which to live through its free enterprise economy. No doubt, this attack will bring out the best in Americans as other events have in the past.
''Allow me to state clearly and unequivocally that Thailand, and in particular my administration, is firmly committed to maintaining an open free enterprise economy. Our welcome to investors, both old and new, continues.
No, it's the free enterprise economy - which, of course, amounts to the same thing.
In a free enterprise economy, economic forces flow from ownership of human and other resources.

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