The-definition.com

Definition

Free enterprise

Free enterprise is a system in which private businesses are able to start and do business competitively to earn profits, with a minimal degree of government regulation.

Share it:  Cite

More from this Section

  • Variable costs
    Variable costs are the costs that are not fixed that a company incurs as it generates ...
  • Limited partnership
    A limited partnership is a modified form of a general partnership that includes two classes ...
  • Silent partner
    Silent partner is a partner who assumes no active role in managing the firm, but who may ...
  • Entrepreneurial & Managerial services
    Entrepreneurial services refer to those services that generate new market, product, and ...
  • Fulfillment and support
    Fulfillment and support describes the way a firm’s product or service “goes to market” ...