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Definition of free enterprise noun from the Oxford Advanced Learner's Dictionary

free enterprise

noun
 
/ˌfriː ˈentəpraɪz/
 
/ˌfriː ˈentərpraɪz/
[uncountable]
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  1. an economic system in which private businesses compete with each other without much government control compare private enterpriseTopics Moneyc2
See free enterprise in the Oxford Advanced American Dictionary
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