Share This Article:

Economic Definition of free enterprise. Defined.

Offline Version: PDF

Term free enterprise Definition: A term that's often used, erroneously, in reference to capitalism. In principle, free enterprise is an economy in which businesses and consumers are "free" to engage their resources in any desired production, consumption, or exchange without government restriction, regulation, or control.


« franchising | free good »


Alphabetical Reference to Over 2,000 Economic Terms