Library / English Dictionary

    PRIVATE ENTERPRISE

    Pronunciation (US): Play  (GB): Play

     I. (noun) 

    Sense 1

    Meaning:

    An economy that relies chiefly on market forces to allocate goods and resources and to determine pricesplay

    Synonyms:

    free enterprise; laissez-faire economy; market economy; private enterprise

    Classified under:

    Nouns denoting groupings of people or objects

    Hypernyms ("private enterprise" is a kind of...):

    economic system; economy (the system of production and distribution and consumption)

    Hyponyms (each of the following is a kind of "private enterprise"):

    capitalism; capitalist economy (an economic system based on private ownership of capital)

    Credits


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