free enterprise system

free enterprise system
an economic system in which all or most of the means of production are privately owned and operated (usually through employing wage labour, and for profit), and in which the investment of capital and the production, distribution and prices of commodities and services are determined mainly in a free market. Capitalism has also been called laissez-faire economy, free mark economy, free enterprise system, economic liberalism, and economic individualism.
• Anarcho-capitalism - a philosophy based on the idea of individual sovereignty, and a prohibition against initiatory coercion and fraud. It sees the only just basis for law as arising from private property norms and an unlimited right of contract between sovereign individuals. From this basis, anarcho-capitalism rejects the state as an unjustified monopolist and aggressor against sovereign individuals, and embraces anti-statist laissez-faire capitalism. Anarcho-capitalists would aim to protect individual liberty and property by replacing a government monopoly, which is involuntarily funded through taxation, with private, competing businesses.

Mini philosophy glossary . 2014.

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  • Free enterprise — may refer to:* Free enterprise system or Free enterprise economy , another term for capitalism * Free Enterprise , a film featuring William ShatnerThree important rights people have in the free enterprise system? …   Wikipedia

  • free-enterprise — adj. Of or pertaining to the {free enterprise} system having private ownership of the means of production and competition between enterprises. [prenominal] [Narrower terms: {capitalistic, capitalist}] {socialistic} Syn: competitive, private… …   The Collaborative International Dictionary of English

  • free enterprise — Synonyms and related words: autarky, bimetallism, bourgeois, capitalism, capitalist, capitalistic system, economic self sufficiency, finance capitalism, free competition, free economy, free trade, free enterprise economy, free enterprise system,… …   Moby Thesaurus

  • Free price system — A free price system or free price mechanism (informally called the price system or the price mechanism ) is an economic system where prices are set by the interchange of supply and demand, with the resulting prices being understood as signals… …   Wikipedia

  • free enterprise — n. 1. an economic system having predominantly private ownership of the means of production, and relying chiefly on market forces to allocate goods and resources and to determine prices, and having a minimum of governmental interference in… …   The Collaborative International Dictionary of English

  • free enterprise — ➔ enterprise * * * free enterprise UK US noun [U] ECONOMICS ► a system in which businesses compete with each other freely and without government involvement: »It is a political party that believes in limited government, free enterprise, and… …   Financial and business terms

  • free enterprise — ► NOUN ▪ an economic system in which private business operates in competition and largely free of state control …   English terms dictionary

  • free enterprise — noun uncount an economic system in which businesses can compete with each other without being controlled by government …   Usage of the words and phrases in modern English

  • Free Enterprise — An economic system where few restrictions are placed on business activities and ownership. In this system, governments generally have minimal ownership of enterprises in the market place. This system aims for limited restrictions on trade and… …   Investment dictionary

  • free enterprise — noun an economy that relies chiefly on market forces to allocate goods and resources and to determine prices • Syn: ↑market economy, ↑private enterprise, ↑laissez faire economy • Ant: ↑non market economy (for: ↑market economy) …   Useful english dictionary

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