单词 | free enterprise |
释义 | free enterprise (once / 10460 pages) n Free enterprise is a type of economy where products, prices, and services are determined by the market, not the government. It’s capitalism, not communism. Things that are free are unconstrained, and a business is an enterprise. So, free enterprise refers to an economy where businesses are free from government control. In a free enterprise, prices go up and down because of supply and demand. If there's high demand, prices go up. If there's low demand, prices go down. Free enterprise is when private companies compete for profit without government interference. WORD FAMILYfree enterprise USAGE EXAMPLESIt was planned as a showcase of modern technology and “the ingenuity and imagination of American free enterprise”. Economist(Dec 20, 2016) And nothing creates such swift and radical social change as unfettered free enterprise. New York Times(Nov 29, 2016) Mr. Castro, the self-proclaimed Marxist-Leninist, was also willing to experiment with capitalism and free enterprise, at least for a time. New York Times(Nov 26, 2016) n an economy that relies chiefly on market forces to allocate goods and resources and to determine prices Syn|Ant|Hypo|Hyper laissez-faire economy, market economy, private enterprise non-market economy an economy that is not a market economy capitalism, capitalist economy an economic system based on private ownership of capital venture capitalismcapitalism that invests in innovative enterprises (especially high technology) where the potential profits are large economic system, economy the system of production and distribution and consumption |
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