private enterprise

/ˌpraɪvɪt ˌɛntərˈpraɪz/

Other forms: private enterprises

Definitions of private enterprise

1. noun

   an economy that relies chiefly on market forces to allocate goods and resources and to determine prices
   synonyms: free enterprise, free market, laissez-faire economy, market economy

   types:

   capitalism, capitalist economy

   an economic system based on private ownership of capital

   venture capitalism

   capitalism that invests in innovative enterprises (especially high technology) where the potential profits are large

   type of:

   economic system, economy

   the system of production and distribution and consumption