The economic doctrine or practice of permitting private industry to operate under freely competitive conditions with a minimum of governmental control.
Free-enterprise Sentence Examples
The free enterprise system requires the basic honesty and goodwill of most people.
It is not in the decay of combination and monopoly or in the growth of competition that we must look for the distinctive characteristics of modern problems. A 17th-century monopoly was a very weak and ineffective instrument compared with a modern syndicate; the Statute of Apprenticeship was certainly not so widely enforced as the " common rules " of trade unions; and many of the regulations of past times, which look so complicated to modern eyes, were conditions of free enterprise rather than restraints upon it.
But I expect that technology and free enterprise will take us across a threshold where things formerly regarded as scarce will not be so any more.
The free enterprise system—the greatest creator of wealth the world has known—will continue to produce the material gains we enjoy today and to reward most those who serve their fellow humans best.
They want to attack American automakers who market to every niche and support free enterprise.