Share This Article:

Economic Definition of enterprise. Defined.

Offline Version: PDF

Term enterprise Definition: An organization that combines scarce resources for the production and supply of goods and services. The term enterprise is generally used synonymously with other terms such as business, firm, and company. If a distinction exists, enterprise can be profit oriented, nonprofit, privately owned, or government controlled. Alternatively, the term enterprise might also be used more in reference to the production activity itself rather than the organization.


« aggregate supply determinant energy prices | entrepreneurship »


Alphabetical Reference to Over 2,000 Economic Terms