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Dictionary


free' en'terprise




1. an economic and political doctrine holding that a capitalist economy can regulate itself in a freely competitive market through the relationship of supply and demand with a minimum of governmental intervention and regulation.
2. the practice of free enterprise in an economy, or the right to practice it. Also called private enterprise.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

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