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private enterprise

Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. Business activities unregulated by state ownership or control; privately owned business.
  • n. A privately owned business enterprise, especially one operating under a system of free enterprise or laissez-faire capitalism.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

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

Etymologies

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