free enterprise
/fri ˈɛntəprʌɪz
/noun [mass noun]
An economic system in which private business operates in competition and largely free of state control.Some form of free enterprise capitalist economy and some form of pluralist democracy were clearly called for....
- Did they want socialism and nationalisation or did they prefer capitalism and free enterprise?
- It is crucial to understand that the corruption of our banking system has nothing to do with capitalism or free enterprise at all.