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Noun: private enterprise
  1. An economy that relies chiefly on market forces to allocate goods and resources and to determine prices
    "The country transitioned from a planned economy to a system of private enterprise";
    - market economy, free enterprise, laissez-faire economy
Adjective: private-enterprise  'prI-vit 'en-tu(r),prIz
  1. Subscribing to capitalistic competition
    "The private-enterprise system encouraged entrepreneurship";
    - competitive, free-enterprise

Derived forms: private enterprises

See also: capitalist, capitalistic

Type of: economic system, economy

Antonym: non-market economy

Encyclopedia: Private enterprise