PRIVATE ENTERPRISE

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does private enterprise mean? 

• PRIVATE ENTERPRISE (noun)
  The noun PRIVATE ENTERPRISE has 1 sense:

1. an economy that relies chiefly on market forces to allocate goods and resources and to determine prices

  Familiarity information: PRIVATE ENTERPRISE used as a noun is very rare.

 Dictionary entry details 

• PRIVATE ENTERPRISE (noun)

Sense 1

Meaning:

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

Classified under:

Nouns denoting groupings of people or objects

Synonyms:

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

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)