What is another word for free enterprise system?

Pronunciation: [fɹˈiː ˈɛntəpɹˌa͡ɪz sˈɪstəm] (IPA)

The term "free enterprise system" can be expressed in a number of different ways. One synonym for this concept is "capitalism," which refers to an economic system in which private individuals or businesses own and operate the means of production. Another term that is often used in conjunction with free enterprise is "market economy," which emphasizes the role that supply and demand forces play in determining prices and allocating resources. Other synonyms for free enterprise might include "liberal economy," which emphasizes the role of individual liberty and free competition, or "laissez-faire capitalism," which stresses the need for limited government intervention in economic affairs. Ultimately, regardless of the term used, free enterprise systems emphasize the importance of letting market forces determine the course of business and economic activity.

What are the hypernyms for Free enterprise system?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Free enterprise system

  • Whether we look at capitalism, taxes, business, or government, the data show a clear and consistent pattern: 70 percent of Americans support the free enterprise system and are unsupportive of big government.
    Arthur C. Brooks
  • The whole global warming thing is created to destroy America's free enterprise system and our economic stability.
    Jerry Falwell
  • So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.
    Milton Friedman
  • Is advertising moral? It is part and parcel of the American free enterprise system... I challenge anybody to show any economic system that has done as much for so many in so short a time.
    Morris Hite
  • Our free enterprise system of disseminating information is collectively referred to as The Media. But there is no collective.
    Jessica Savitch

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