Private enterprise
volume
British pronunciation/pɹˈaɪvət ˈɛntəpɹˌaɪz/
American pronunciation/pɹˈaɪvət ˈɛntɚpɹˌaɪz/

Definition & Meaning of "private enterprise"

Private enterprise
01

an economy that relies chiefly on market forces to allocate goods and resources and to determine prices

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