What is another word for free-enterprise economy?

Pronunciation: [fɹˈiːˈɛntəpɹˌa͡ɪz ɪkˈɒnəmi] (IPA)

A free-enterprise economy can also be described as a market economy, capitalistic economy, or laissez-faire economy. These various synonyms all refer to an economy that relies on the market forces of supply and demand to determine prices and resource allocation. In a free-enterprise economy, businesses are generally allowed to operate with minimal government regulation and intervention. The opposite of a free-enterprise economy is a command economy, in which the government makes all economic decisions and controls all resources and production. The use of different synonyms for free-enterprise economy reflects the various perspectives and values that people have regarding this type of economic system.

Synonyms for Free-enterprise economy:

What are the hypernyms for Free-enterprise economy?

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

Related words: free enterprise economy, free enterprise system, free enterprise meaning, free enterprise quotes, free enterprise ideology, free enterprise system definition, enterprise free market

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