1. Subscribing to capitalistic competition
   "The free-enterprise system encouraged entrepreneurship";
   - competitive, private-enterprise

1. An economy that relies chiefly on market forces to allocate goods and resources and to determine prices
   "The United States is often cited as an example of free enterprise";
   - market economy, private enterprise, laissez-faire economy

See also: capitalist, capitalistic

Type of: economic system, economy

Encyclopedia: Free-enterprise